Serbia and Belarus look at ways to boost bilateral cooperation in economy and trade

The Serbian Chamber of Commerce and Industry wants to  boost trade with Belarus to about EUR500m by 2019, as well drive bilateral cooperation via joint investment projects and business agreements, Serbian Minister of Economy Goran Knezevic said. “There are 160 companies prepared for different models of privatization,” he said.

According to a press release from the Chamber of Commerce, Knezevic stressed the good macroeconomic indicators of Serbia such as growth of GDP, investments, stable finances, decrease in unemployment and the shadow economy and said that investors in Serbia get financial and nonfinancial incentives to invest in new production capacities and expand their businesses.

Koltovich said Belarus is the 37th out of 190 countries and regions when it comes to conditions for doing business and among the top 10 when it comes to reforming conditions for business.

The Serbian Chamber of Commerce noted in particular  opportunities for cooperation in areas of construction, wood and furniture industry, agriculture, automobile industry, information technologies, pharmaceutical industry and tourism that could contribute to further liberalization of trade with Belarus and the Eurasian Economic Union.

“At the meeting, two sides agreed that maintaining continuity of high level dialogue is very important for keeping traditionally good bilateral relations between two countries,” the Serbian foreign ministry wrote in a press release.

Serbia is a strategic partner of Belarus in the Balkans, the news agency BelTA reported after talks with Honorary Consul of Belarus in Belgrade, member of the Serbian parliament Dragomir Karic during events dedicated to further advancement of Belarusian-Serbian trade and economic cooperation.

Karic reportedly pointed to the importance of the historically friendly relations between Belarus and Serbia. He pointed out that Belarus President Alexander Lukashenko visited Yugoslavia back in 1998 and 1999 in a difficult period in the country’s history.


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