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The agreement on cinematographic co-production between the government of the republic of serbia and the government of the republic of france was signed during the visit of the french president emmanuel macron on july 15, 2019. the agreement was ratified on december 29, 2020. the agreement provides the legal basis for further improvement of relations and cooperation in the field of audiovisual creation, since its entry into force terminated the yugoslav-french agreement in the field of film, signed on october 27, 1975, which was valid for 42 years and contained provisions which are surpassed in legal and technological terms. the signing of the agreement gives a new impetus for the development of serbian-french co-productions, given the potential benefits for serbian and french producers. the agreement defines the concept of cinematographic and co-production participation of partners in terms of both artistic contribution and financial part, defines rights and obligations, ownership and use of films produced in co-production, project selection mechanisms, and includes the establishment of a mixed commission to oversee the implementation of this agreement.