In this article, the authors point to the basic priorities the future foreign policy of the Republic of Serbia should include. They point out that a basic social and political consensus on the most important foreign policy objectives should be primarily achieved. Afterwards, the way of tactical and operational implementation of the set objectives should be defined within the strategy specifying the constitutional and legal institutional frameworks for its implementation. Considerable attention is devoted to the positioning of the Republic of Serbia to the European Union and NATO, the United States of America and the Russian Federation as well as to the participation of Serbia in the work of universal and regional organizations. The paper also analyses the bilateral and multilateral relations in the Western Balkans region.