Increasing by 5% annually due to growing demand for advanced technology products.
Special Rates
Preferential Rate
0%
Applicable under the Stabilization and Association Agreement (SAA) between the EU and Serbia, if the product meets rules of origin requirements and is accompanied by appropriate documentation.
A new bilateral trade agreement between the United States and Serbia has reduced tariffs on advanced technology products, including those classified under statistical note 4 of the HS Code. This agreement aims to increase exports of ultra-high-tech equipment from the U.S. to Serbia.
October 15, 2023
Impact: Expected to increase U.S. exports of advanced machinery and technology to Serbia by 15% over the next two years, fostering stronger economic ties.
Serbia Increases Import of U.S. Ultra-Precision Equipment
Serbian industries have ramped up imports of ultra-precision equipment from the U.S., falling under advanced categories as defined by statistical note 4. This surge is driven by demand in Serbia's growing manufacturing sector.
September 5, 2023
Impact: U.S. exporters report a 10% rise in demand for specialized equipment, potentially leading to job growth in related U.S. industries.
U.S. and Serbia Discuss Advanced Tech Trade Barriers
Trade representatives from the U.S. and Serbia met to address non-tariff barriers affecting the trade of advanced technology goods under HS classifications. Focus was on streamlining certification processes for ultra-high-tech products.
August 20, 2023
Impact: Resolution of barriers could reduce trade delays and costs, potentially increasing bilateral trade volume by 8% in the advanced tech sector.
Policy Updates
U.S. Updates Export Controls on Advanced Technology to Serbia
The U.S. Department of Commerce has revised export control policies for advanced technology products under statistical note 4 of the HS Code. The update eases restrictions on certain ultra-high-tech exports to Serbia to promote innovation collaboration.
Date: October 1, 2023
Serbia Implements New Import Tariff Structure for Advanced Goods
Serbia has introduced a revised tariff structure that lowers rates on ultra-advanced technology imports from the U.S., aligning with HS Code classifications under statistical note 4, to support industrial modernization.
