China, Serbia FTA to Take Effect July 1

The free trade agreement between China and Serbia will take effect July 1, China's Ministry of Commerce announced, according to an unofficial translation. The ministry said the deal will scrap tariffs on 90% of goods, of which over 60% will be eliminated July 1. The deal also includes chapters on "rules of origin, customs procedures and trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, trade remedies, dispute settlement, intellectual property protection, investment cooperation, competition, etc.," the ministry said.