Business cooperation of the Republic of Serbia with the countries of the Eurasian Economic Union (EAAE) as a response to the process of globalization: role and importance of agro-industrial products

Vuković, Predrag and Kuzman, Boris and Simić, Milica (2023) Business cooperation of the Republic of Serbia with the countries of the Eurasian Economic Union (EAAE) as a response to the process of globalization: role and importance of agro-industrial products. In: „Евразийскаяинтеграция: Современные тренды и перспективные направления“, Сибирский институт бизнеса и информационных технологий. Издательство ОмГТУ, Omsk, Russian Federation, pp. 198-212. ISBN 978-5-8149-0000-0

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Abstract

One of the main characteristics of modern economic relations on the international market is the increase in the intensity of integration activities that establish new economic and trade blocs of universal type (World Trade Organization) or regional level (European Union, Eurasian Economic Union, etc.). The establishment of stronger economic ties with the Eurasian Economic Union (EAEU) was largely contributed to by the agreement in the free trade zone that the Republic of Serbia has with the EAEU. In this way, the Republic of Serbia is additionally included in the large and demanding EAAU market and achieves the opportunity for faster growth and develop ment of its economy based on increased export performance. Opportunities are created for Serbian agro-industrial products to become more competitive with their quality because they are exempt from customs duties and other import duties. The paper briefly presents the results of multi-year research conducted by the authors studying business cooperation between the EAEU countries and the Republic of Serbia related to agro-industrial products, in the context of the world process of globalization.

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