Serbian Prime Minister Ana Brnabic told Belgrade-based daily Vecernje Novosti the economic cooperation agreement that Serbia is set to sign with the Euro-Asian Economic Union is not political.

PM Brnabic is scheduled to travel to Russia in 10 days to sign the agreement.

Serbia and the Eurasian Economic Union (EAEU) should sign an agreement on setting up a free trade zone in October this year. Eurasian Economic Commission board member Veronika Nikishina said this on Thursday, Tanjug is reporting, citing TASS.

"This year we concluded negotiations with Serbia and are now launching the procedure for the signing of this agreement. We hope to sign it in October," Nikishina said at an international conference in Astana.

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.