Foreign Trade of Agroindustrial Products Serbia and Montenegro in the CEFTA Agreement

Vlahović, Branislav and Kuzman, Boris (2012) Foreign Trade of Agroindustrial Products Serbia and Montenegro in the CEFTA Agreement. In: International Scientific Meeting Sustainable agriculture and rural development in terms of the Republic of Serbia strategic goals realization within the Danube region. Institute of Agricultural Economics, Belgrade, pp. 1111-1128. ISBN 978-86-6269-018-0

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Abstract

For food producers in Serbia, the process of trade liberalization is a tough competition. This implies the necessity of raising the technological level of production, productivity, efficiency and application of marketing concept. Increased competition in the domestic market should contribute to improving the quality and supply of goods. It is realistic to expect a decline in product prices, which in the future may be difficult to domestic producers, reducing their income. At the same time, this process provides an opportunity for consumers to have a wider choice of products by varied offer of cheaper goods. The subject of this paper is the foreign trade of agro-industrial products of the Republic of Serbia and the Republic of Montenegro within the framework of the CEFTA agreement signed in accordance with the agreement on free trade. CEFTA agreement contributes to the Western Balkan to become economically integrated area for goods and services. Meanwhile, it should be a destination for foreign investment. The aim of the research is considering possibilities of improving and expanding foreign trade of agro-industrial products of these countries. The analysis of foreign trade relations is necessary to detect the strengths and opportunities for im- proving trade relations between the two countries.

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