News
10.03.2025
In response to EEC appeal, Serbia lifted restrictions on imports of sunflower oil and fat-containing products from Union countries
Serbia has notified the Eurasian Economic Commission about lifting quantitative restrictions on imports of sunflower oil and fat-containing products from the Eurasian Economic Union countries. The lifting of restrictions was initiated by Nenad Popovic, Minister of the Government of the Republic of Serbia, responsible for the development of relations with the EAEU, in reaction to an appeal from the EEC.
"The issue had been addressed by the Commission since April last year as part of the work on implementing the Free Trade Agreement between the Union and Serbia. In particular, the topic was touched upon during my September meeting with Nenad Popovic," noted Andrey Slepnev, EEC Minister in charge of Trade.
He added that the lifting of restrictions reflects constructive interaction and emphasizes the positive development of trade and economic cooperation between the two parties.
After the introduction of restrictive measures in March 2024, exports of sunflower oil and margarine (CN FEA 1512 19 900 2, 1512 19 900 9, 1517 10 100 0, 1517 10 900 0) from the EAEU to Serbia in the first 10 months of 2024 decreased by 40% compared to the same period in 2023. That said, the 2023 figure showed about a fivefold increase from 2022.
