The EU and the Republic of Serbia signed a Memorandum of Understanding (MoU) launching a strategic partnership on sustainable raw materials, battery value chains and electric vehicles.

The partnership builds on the Stabilization and Association Agreement (SAA) entered into force on 1 September 2013 and is in line with EU’s New Growth plan for the Western Balkans. It represents a building bloc in advancing Serbia’s integration within the EU’s single market, and further boosting its economic, social and environmental convergence with the EU.

This MoU, in accordance with the SAA, establishes close cooperation between Serbia and the EU in the following five areas:

• Enhance the development of value chains for raw materials, batteries and EVs, by facilitating close cooperation between EU and Serbian industrial actors and stakeholders. The MoU will encourage the development of a mutually beneficial pipeline of projects with special focus on the EV industrial ecosystem.

• Cooperation on research and innovation (R&I), by mapping the existing cooperation areas under EU Horizon Europe R&I framework program and other schemes. On the basis of the MoU, both parties will share knowledge and technologies related to sustainable exploration, extraction, processing and recycling of secondary raw materials.

• Application of high environmental, social and governance standards and practices will be facilitated through mutual consultation and exchange of information on relevant policies and initiatives along the entire value chains, including through the application of increased due diligence and traceability for the battery value chain.

• Mobilization of financial and investment instruments to support investment projects under the Partnership, notably through Invest EU, the Western Balkans Investment Framework and a Single Project Pipeline in Serbia as well as under the European Raw Materials Alliance and European Battery Alliance.

• Developing necessary skills for high-quality jobs in raw materials and battery sectors. This includes participation of Serbian organisations in European Battery and upcoming Raw Materials Academies, including possible Serbian contribution with dedicated programmes and internships.

Following the signature of the MoU, the EU and the Republic of Serbia will jointly develop within six months a roadmap with concrete actions to put the Strategic Partnership into practice.