Free trade between SCG and Macedonia

Delegations of Serbia and Montenegro and Macedonia agreed and signed the Agreement on Free Trade. That is the first agreement signed by Serbia and Montenegro within Southeast Europe Stability Pact. According to that Agreement, exchange of goods between the two countries will be completely duty free.

The agreement still needs to ratified in the parliaments of the signatory countries. It is expected that it will be put in effect by the end of 2005.