The MoU established 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 programme 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 a mutual consultation and exchange of information on relevant policies and initiatives along the entire value chains, including through the application of increased due diligance and traceability for the battery value chain.
- Mobilisation 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.
- https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3922