ISDS Case Map
Serbia
In 2021, Rio Tinto filed a notice of dispute related to the government announcement to cancel the Lithium project in the Jadar Valley under the UK-Serbia bilateral investment agreement.
Rio Tinto has officially notified the Serbian government about initiating arbitration proceedings concerning the halted Jadar project, under the bilateral investment treaty between the UK and Serbia.
Serbia has successfully finalized negotiations on free trade agreements with Egypt and the United Arab Emirates, which are set to come into effect following ratification and exchange of notes.
The free trade agreement between China and Serbia will go into effect on July 1 as both countries have completed respective domestic approval processes.
President Xi Jinping said that a free trade agreement between China and Serbia will take effect on July 1.
The subject of the arbitration is given as ‘transportation fare collection services’, and invokes the 2001 bilateral investment treaty between Turkey/Türkiye and Yugoslavia as the basis for the claim.
Around 10,500 Serbian and 9,000 Chinese products are on the free trade list, meaning that there will be no import duties on trading those items between the two countries.
The free trade agreement Serbia signed with China, which is being hailed by Serbian politicians – along with all other agreements signed that day – will cease to apply on the day Serbia becomes a member of the EU.
Serbia expects to sign a free trade agreement with the United Arab Emirates (UAE) by the end of this year, the head of Serbia’s Chamber of Commerce said.
Iranian Deputy Minister of Foreign Affairs for Economic Affairs has urged for concluding a free trade agreement between Tehran and Belgrade with the aim of facilitating trade between the two countries.
