Analyst: Serbia has no economic benefit from agreement with the Eurasian Union

Analyst: Serbia has no economic benefit from agreement with the Eurasian Union

Analyst: Serbia has no economic benefit from agreement with the Eurasian Union Izvor: N1

Serbia will have no economic benefit from the signing the Free Trade Agreement with the Eurasian Economic Union (EAEU), which could harm its path to EU membership, career diplomat Srecko Djukic told N1, on Saturday.

As previously announced, Serbia should sign the Free Trade Agreement with the EAEU on October 25, but many speculate that it could happen a few days earlier, during Russian Prime Minister Dmitry Medvedev's visit during the World War II Belgrade libreation celebration, on October 20.

Serbia, however, has had free trade agreements with Russia, Belarus and Kazakhstan for years, and the agreement with the EAEU brings it almost nothing new from an economic standpoint, Srecko Djukic told N1.

Deepening the cooperation with the EAEU, on the other hand, could pose a problem in relations with the European Union, he warned.

"The first thing to expect is that the degree of alignment of Serbia's foreign policy with the EU falls exactly after the signing of that agreement. Politically and strategically, that agreement brings a different direction. One could rightfully ask where is Serbia headed - towards the EU or EAEU," Djukic said.

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