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And the news will come as a big boost to UK companies including Jaguar Land Rover. The Department of International Trade (DIT) today confirmed the two countries have signed a Partnership, Trade and Cooperation Agreement ensuring £682million trade can continue and grow.

The agreement secures continued preferential trade access between the UK and Serbia, guaranteeing significant savings for business to support jobs and the wider economy.

Furthermore it sets out how the two countries will strengthen political, economic, security and cultural ties, and reaffirms the UK’s support for governance reform in Serbia which will safeguard its competitive business environment and open, democratic society.

Minister for Exports, Graham Stuart MP, said: “This is great news for businesses in the UK and Serbia, providing certainty and strengthening ties between both countries to drive growth and support economic recovery from COVID-19.

“This agreement will support jobs up and down the country, drive further investment and open up opportunities for our exporters.”

FCDO Minister for the European Neighbourhood Wendy Morton added: “This is the latest agreement signed by the UK securing hundreds of millions of pounds in trade between our two countries supporting jobs and the wider economies.

“It demonstrates the UK’s commitment to civil society across Serbia with the promotion of governance and rule of law reforms, while tackling the threat posed by climate change by building a greener and more resilient future together.”

(More to follow)

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