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Economy

Tashkent and Belgrade adopt a labour-migration agreement and a 2026 to 2028 industrial plan, with a free-trade deal proposed

Shavkat Mirziyoyev and Aleksandar Vucic closed their Belgrade talks on Tuesday by welcoming the adoption of an agreement on mobility and labour migration and adopting a joint action plan on industrial partnership for 2026 to 2028, the presidential press service said in UzDaily's account; a free-trade agreement is proposed for drafting, and the opening of diplomatic missions is named as an important step. Trade between the two countries was $41.9 million in 2025.

Tashkent and Belgrade adopt a labour-migration agreement and a 2026 to 2028 industrial plan, with a free-trade deal proposed

The president arrived in Belgrade on Monday evening; the talks opened on Tuesday afternoon, in Podrobno's 16:14 Tashkent-time report citing the press service, with joint projects in industry, pharmaceuticals and agriculture on the list and a business forum planned. The readout followed at 17:13. "Following the visit the parties welcomed the adoption of the agreement on mobility and labour migration," it says; "to implement the understandings, a joint action plan for the development of industrial partnership for 2026 to 2028 has been adopted"; and, on trade, "it is proposed to draft and adopt a free-trade agreement" and to strengthen cooperation on standards.

The numbers under the visit are small.

The migration line is the one with a history. In May, deputy foreign minister Olimjon Abdullaev and Serbia's labour minister Milica Stamenkovic discussed an intergovernmental migration agreement; Tashkent listed labour migration among the visit's topics on 5 September; Tuesday's readout says Serbia showed "high interest in systematic cooperation in this sphere". Russia's share of Uzbekistan's remittance inflows was 72.4% in the first half of this year, down from 77.6%.

The numbers under the visit are small. Trade reached $41.9 million in 2025, of which Serbia's exports were $26.39 million and Uzbekistan's $15.46 million; Serbian agricultural and food exports to Uzbekistan rose 54.1% in January to July this year; Uzbek residents' net investment in Serbia over 2017 to 2025 came to โ‚ฌ0.2 million. Two documents had been signed before the leaders met, in UzDaily's morning account of Serbian reports: the protocol of the mixed commission for economic cooperation, by Nenad Popovic and Laziz Kudratov, and a memorandum between Serbia's Innovation Fund and IT Park Uzbekistan, by Sasa Lazovic and Abdulakhad Kuchkarov. The same account, citing Serbian media, put the number of documents planned for the visit at more than 20.

The readout names no count and no titles, and its wording on migration, "welcomed the adoption", leaves open whether the agreement was signed on Tuesday or before it. The opening of diplomatic missions and an inter-parliamentary forum are named as "an important step"; a comprehensive road map "will be drawn up" to carry out what was agreed. The list of documents, when it is published, will settle the count.