The agreement creates a free trade area between Serbia and the EU for a transitional period of six years. The deadline for trade liberalisation is set in accordance with the ability of Serbian industry and agriculture to adapt to free trade, but also Serbia`s desire to reach a faster conclusion of reforms and accession to the European Union. Serbia`s commitment is to phase out tariffs on products originating in the EU during a transitional period. On the other hand, by this agreement, the European Union confirms the free access of goods from Serbia to the European Union market. The decision has been in force since 22 July 2013 and the Treaty since 1 September 2013. Successive amendments to the Agreement have been incorporated into the original Act. This consolidated version is only documentary. Two of the main commitments that the Republic of Serbia will make under this agreement are the creation of a free trade area and the harmonisation of the legislation of the Republic of Serbia with EU law. The Stabilisation and Association Agreements are part of the EU Stabilisation and Association Process (SAP) and the European Neighbourhood Policy (ENP). At present, the countries of the Western Balkans are at the centre of sap`s concerns.
Specific Stabilisation and Association Agreements (SAAs) have been implemented with various Balkan countries, which explicitly contain provisions on the future accession of the country concerned to the EU. The AAs resemble in principle the Europe Agreements signed in the 1990s with the countries of Central and Eastern Europe and the Association Agreement with Turkey. This agreement, which defines the respective rights and obligations of the signatories, provides a framework for the implementation of the reforms that will bring this potential country closer to the EU. SaAs are largely based on the EU acquis communautaire and its enactment in the legislation of the cooperating states. The depth of policy harmonisation expected by the SAAs is lower than that of the EU Member States; Some acquis policies may not be covered by a particular SAA. Quite incompatible initial phase considerable effort requires some degree of preparation Continuation of the necessary efforts moderately prepared No major difficulties a good degree of preparation well prepared/well advanced The effective signing of the SAA has not yet taken place and depends on Serbia`s full cooperation with the ICTY in The Hague. . . .