The trade ministers of Serbia and the EurAsian Union, Rasim Ljajic and Veronika Nikishina agreed on the final draft of a free trade agreement at Tuesday’s meeting in Moscow, BETA news agency reported.

Ljajic told BETA that they agreed on a “modern agreement on free trade in line with the rules of the World Trade Organization and principles of contemporary trade practice”.

Serbia already has bilateral agreements with Russia, Belarus and Kazakhstan and the new agreement will cover those countries as well as Armenia and Kirgizstan, Ljajic said.

“We did not get everything we wanted but we will have more goods covered by the customs-free regime than before. Serbian producers will now be able to export in unlimited quantities goods such as fruit brandies, sheep and goat cheese (…).” The Minister Ljajic added the new agreement includes elements which would reduce costs for import and export.