Serbia and EFTA Contributions to Trade of Agroindustrial Products

Serbia and EFTA Contributions to Trade of Agroindustrial Products

Boris Kuzman (Institute of Agricultural Economics, Serbia), Milan Stegić (Faculty of Economics and Engineering Management, Serbia) and Anton Puškarić (Institute of Agricultural Economics, Serbia)
DOI: 10.4018/978-1-5225-0341-5.ch015
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Abstract

Serbia's international economic policy in the past decade is being based on the implementation of free trade agreements with major trading partner. In addition to trade cooperation with the EU, Serbia has developed and liberalized trade with the Russian Federation, CEFTA region, Belarus, Kazahstan and Turkey. With EFTA region, Serbia has introduced Free Trade Agreement (FTA) from 2010 in order to develop mutual exchange of goods and services. Considering that analysis on trade relations between Serbia and the EFTA have not been published, the importance of this study arises from the need to identify the effects of application of the FTA. Analysis will focus on agro-food products, for the period 2004-2013. In order to analyze trade of agro-industrial products, all of product by SITC classification under Section 0 - Food and live animals sector and 1 - Beverages and tobacco in export and import will be covered.
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2. Methodology

This paper analyzes trends in trade of agro-food products between the Republic of Serbia and EFTA region using standard statistical methods of analysis such as a trend, arithmetic mean, standard deviation, coefficient of variation and rate of change (Papić 2012). For the purpose of this paper under agro-food products we refer to all products of Section 0 - Food and beverage sector and 1 - Beverages and tobacco of the Standard International Trade Classification, version 4 (SITC ver.4) (United Nation Statistic Division, 2006). The data used for research purposes are the official data of the Statistical office of the Republic of Serbia (SORS) for the period 2004-2014.

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