Deputy Prime Minster Dinkic and Ambassador of the Republic of South Korea to Serbia Kim Jonghae signed in Belgrade a protocol on liberalization of the goods and services market between Serbia and South Korea as part of Serbia's accession to the World Trade Organization (WTO).

Dinkic said that Korea is the fourth country that Serbia signed the protocol with, adding that in the following months the country will sign agreements with other WTO members as well.

"The goal is to complete all talks and sign protocols with all relevant WTO members during 2011," Dinkic pointed out, but could not precise when Serbia will become a full WTO member. Serbia launched the process of the WTO accession in 2005.

Jonghae expressed satisfaction over the signing of the protocol with Serbia, which he hopes will become the country's important partner, and stressed that institutional infrastructure should be established so as to secure better economic cooperation.

The Thursday talks engaged representatives of the South Korean companies: Daewoo International Corporation, DEFOG, Korea Electric Power Corporation, Histeel Co, Hanil Iron & Steel Co and Hwaseung R&A.