Hungary and Serbia Sign Memorandum on Green Lanes Initiative

12-10-24

On October 8, 2024, Hungary and Serbia signed a Memorandum of Understanding to implement the Green Lanes Initiative, a joint effort aimed at improving the efficiency of cross-border transportation and reducing wait times at customs checkpoints. This agreement is a key step in bilateral cooperation between the two countries and aligns with the European Union's goals of promoting more efficient and sustainable trade in the Western Balkans region.

The Green Lanes Initiative aims to facilitate the movement of goods between Hungary and Serbia by creating preferential routes for commercial vehicles. These lanes will be reserved for carriers that meet the requirements established in the agreement, allowing them faster access through border control points. The goal is to reduce wait times, minimize bureaucratic procedures, and optimize the flow of goods between the two countries, thus enhancing the competitiveness of land transport in the region.