Zhejiang Set to Benefit from China-Serbia Free Trade...
China News
July 17, 2024
Zhejiang Province, a key foreign trade hub in east China, is positioned to gain significantly from the new China-Serbia free trade agreement effective July 1. The agreement removes tariffs on over 60% of goods exchanged between the two nations, with plans to eliminate tariffs on 90% eventually. A motor and generator manufacturer in Zhejiang, which has expanded into Serbia, views the trade deal as a transformative opportunity for business growth and international cooperation.