The China-Serbia Free Trade Agreement will take effect on July 1, said China's Ministry of Commerce.

Upon the entry into force of this FTA, both countries will gradually eliminate tariffs on 90 percent of goods, with over 60 percent of products having their tariffs eliminated immediately on the day the agreement comes into force, said the ministry in an online statement.

The agreement was signed in Beijing in October 2023, adding Serbia as China's 29th free trade partner.