The Trump administration has brokered a trade deal that The Hill characterized as “an enormous step toward” ending a “historic conflict.”
According to The Hill, President Donald Trump oversaw Friday the signing of a deal by Serbia’s President Aleksandar Vučić and Kosovo’s Prime Minister Avdullah Hoti.
The agreement moves toward what The Hill called “economic normalization” between the two nations.
The art of the deal
It is rare for any administration to broker a trade deal between two nations, but the Trump administration has done it twice already this year.
Just a few weeks ago, a peace deal was signed between Israel and the United Arab Emirates that stunned the world, The New York Times reported. The deal was so big, in fact, that Joe Biden tried to say the Obama administration needed to get some credit for laying down the groundwork for it.
This week, the Trump administration made history again by getting Serbia and Kosovo to sit down and work toward peace and free trade in southeastern Europe.
Though the latest war between the two nations ended decades ago, as The Hill noted, ongoing conflict between Serbia and Kosovo remains far from resolved — something this deal hopes to solve, at least in part.
History in the making
According to The Hill, the deal, signed Friday, “reflects President Trump’s long-held vision for Kosovo and Serbia to focus on economic development, job creation and industrial development as prerequisites to the permanent resolution of political disputes.”
Trump’s strategy prioritizes economic agreements as the first steps toward building trust between nations, “rather than in the settlement of scores, symbolism or the righting of historical wrongs,” The Hill reports.
In addition to providing for new modes of transportation between the nation’s new capitals and agreeing to work with the Export-Import Bank of the United States on a number of projects, the agreement promises that Serbia will move its embassy in Israel to Jerusalem from Tel Aviv, according to The Hill — a move Trump made in 2018.
Speaking Friday in the Oval Office, Trump touted the new agreement as “truly historic” and said it’s been in the works for “many, many years.”
“I look forward to seeing Serbia and Kosovo prosper as we work together on economic cooperation in the region. Going forward — I look forward to going to both countries someday in the not-too-distant future,” Trump added, according to a transcript provided by the White House.