Degree of liberalization in Serbian economy as a part of the accession process to the World Trade Organization

Abstract

The aim of this paper is to examine some of the current issues regarding the degree of liberalization in Serbian economy as a part of the accession process to the World Trade Organization. Serbia's membership of the World Trade Organization is prerequisite for closing Chapter 30 in the accession negotiations with the European Union. The membership of the World Trade Organization should have a highly positive effect on the economic development of the Republic of Serbia. Closing the negotiations with the World Trade Organization will, if accompanied by other relevant economic policy measures, result in a stronger national economy and its further economic liberalization. Within the liberalization process, it is necessary for the state to intervene by its measures, as necessary, in certain areas of economic and social life.

Keywords

• liberalization
• economy
• world trade organisation