The Accord aims at strengthening the cooperation in the field of film industry and putting the legal framework of film cooperation between the two countries into more practical use.

Both parties will be able to benefit from the ongoing legal acts dealing with this matter, and both export and import of material needed for film productions will be facilitated. The esence of future French - Serbian coproductions are outlined precisely in the Accord, with coproduction part varying from 20 % up to 80 % of the total budget of an individual coproduction. With the consent of both sides, that portion may be reduced to 10 % of the budget in question.  The Mixed Committee, comprised of equal number of representatives from boith parties, is to be established and will hold sessions biennially.

The authorised bodies are Film Center Serbia for the Republic of Serbia and Centre national du cinéma et de l'image animée for the Republic of France. The Accord was signed by the Ambassador Frédéric Mondoloni  and Vladan Vukosavljević, the Minister of Culture and Information in the Governement of the Republic of Serbia.