The Korea Times
Korea and Serbia struck a comprehensive economic partnership agreement (CEPA), which is expected to help the two nations bolster trade ties and address global economic uncertainties, the trade ministry said Friday. Trade Minister Yeo Han-koo signed the agreement in Belgrade with his Serbian counterpart, Jagoda Lazarevic, some two years after the two countries kicked off negotiations in September 2024. It marks the first trade agreement signed by Korea with a Balkan nation. "The CEPA will allow Korea's key export goods, including chips, electric vehicles and auto parts, greater access to the Serbian market, which will expand trade and investment opportunities for companies in both countries," the Ministry of Trade, Industry and Resources said in a release. "This will establish a stable and predictable business environment," it added. The CEPA is a type of free trade agreement that emphasizes a broader scope of economic cooperation and exchanges in addition to market opening. Korea and Serbia will remove tariffs on 90 percent of the items traded. The trade ministry added Serbia boasts a stron
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