Negotiations on the ASA between the European Union and Serbia began in November 2005 and this agreement was signed in April 2008. Before it came into force, it was ratified by Serbia and THE EU Member States. The European Council`s decision on the conclusion of this agreement was adopted on 22 July 2013 and paved the way for it to enter into force on 1 September 2013. Similar SAAS have been in force since 2004 with the former Yugoslav Republic of Macedonia, 2005 with Croatia, 2009 with Albania and 2010 with Montenegro. Implementation of this comprehensive agreement will facilitate the gradual alignment of Serbian legislation with all EU legislation and all EU standards, giving a new impetus to Serbian industry in attracting investment. It will provide Serbia with the general framework for a rapprochement with the EU and its preparation for its future participation in the EU internal market. This is therefore an important step on the road to Serbia`s accession to the EU. The establishment of a free trade area and the harmonisation of the legislation of the Republic of Serbia with EU law are two of the main obligations that the Republic of Serbia will assume under this agreement. International investment agreements (AI) are divided into two types: (1) bilateral investment agreements and (2) investment contracts.
A bilateral investment agreement (ILO) is an agreement between two countries to promote and protect investments made by investors from the countries concerned in the territory of the other country. The vast majority of IDu are bits. The category of contracts with investment rules (TIPs) includes different types of investment contracts that are not BITs. There are three main types of TIPs: 1) global economic contracts that contain commitments that are often included in ILOs (. B, for example, a free trade agreement with an investment chapter); 2. contracts with limited investment provisions (for example. B, investment creation or free transfer of investment-related funds; and 3) contracts that contain only “framework clauses,” such as. B on investment cooperation and/or a mandate for future investment negotiations. In addition to IDAMIT, there is also an open category of investment-related instruments (IRIs).