o:30049 Serbia’s economic cooperation in light of recent regional initiatives en Abstract: In this paper, the authors analyse the economic cooperation of Serbia with the most important trade partners and research recent initiatives on regional integration, especially Regional Economic Area, Regional Common Market and Open Balkan. Serbia as a small European economy is very open to international economic exchange with the rest of the world. But the most important trade partners of Serbia are situated in its vicinity. The most important trade partner is European Union (EU), a very developed customs union close to Serbian borders. Also, important trade partners include neighbouring countries of Serbia, especially those which were the part of the single Yugoslav market in the past. Other important trade partners include: Russia, or Eurasian Economic Union (EAEU) now, China, countries of European Free Trade Association (EFTA), the USA. The paper examines the launch of three regional initiatives deriving from the Berlin Process and analyses their prospects in the Western Balkans vis-à-vis its wider European integration. In addition to implementing reforms, regional cooperation is also one of the prerequisites for a successful European accession. While the countries in the Central and Eastern Europe and the Baltic countries were encouraged, and not required, to cooperate with their neighbours, the Western Balkan Six have had to achieve benchmarks in terms of their mutual relations, along with their bilateral accession process with Brussels. The preparation of this study has been supported by the International Visegrad Fund. Project ID #/Title: 22110082, V4 support to promote WB6 Common Regional Market: one market for post-COVID recovery The project is co-financed by the Governments of Czechia, Hungary, Poland and Slovakia through Visegrad Grants from International Visegrad Fund. The mission of the fund is to advance ideas for sustainable regional cooperation in Central Europe. Key words: Serbia’s trade, EU, CEFTA, Regional Economic Area, Regional Common Market, Open Balkan 1552100 978-9940-8846-0-4 2023-06-06T09:47:09.750Z 44 no 46 Dragan Đukanović Predrag Bjelić Univerzitet u Beogradu Ekonomski fakultet person 12871271 0000-0002-9777-8403 application/pdf 998208 https://phaidrabg.bg.ac.rs/o:30049 no yes 1 70 92000006 11A03 Regional economic cooperation in V4 and WB6: sharing experience and knowledge in the context of Common Regional Market and post-COVID recovery 146 159 2022