The China-Serbia free Trade Agreement came into effect in July this year
The China-Serbia free Trade Agreement will officially take effect on July 1 this year, according to the head of the International Department of the Chinese Ministry of Commerce, after the entry into force of the China-Serbia free trade Agreement, the two sides will mutually eliminate tariffs on 90% of the tax items, of which more than 60% of the tax items will be eliminated immediately after the entry into force of the agreement. The final proportion of zero-tariff import items on both sides reached about 95%.
Specifically, Serbia will include China’s focus on automobiles, photovoltaic modules, lithium batteries, communications equipment, mechanical equipment, refractory materials, some agricultural and aquatic products into the zero tariff, the relevant product tariffs will be gradually reduced from the current 5%-20% to zero. The Chinese side will focus on generators, motors, tires, beef, wine, nuts and other products into the zero tariff, the relevant products tariff will be gradually reduced from 5% to 20% to zero.
World News of the week
Monday (May 13) : US April New York Fed 1-year inflation forecast, Eurozone Finance ministers meeting, Cleveland Fed President Loreka Mester and Fed Governor Jefferson speak on central bank communication.
Tuesday (May 14) : German April CPI data, UK April unemployment data, US April PPI data, Opec releases monthly crude oil market report, Federal Reserve Chairman Powell and European Central Bank governing Council member Nauert participate in a meeting and speak.
Wednesday (May 15) : French April CPI data, Eurozone first quarter GDP revision, US April CPI data, IEA monthly crude oil market report.
Thursday (May 16) : Preliminary Japanese Q1 GDP data, May Philadelphia Fed Manufacturing Index, U.S. weekly jobless claims for the week ending May 11, Minneapolis Fed President Neel Kashkari participates in a fireside chat, Philadelphia Fed President Harker speaks.
Friday (May 17) : Eurozone April CPI data, Cleveland Fed President Loretta Mester speaks on economic outlook, Atlanta Fed President Bostic speaks.
Post time: May-13-2024