Chinese companies expanding their operations to Serbia

The business delegation from the South Chinese province of Guangdong, comprised of 50 business people, talked in Belgrade with their Serbian counterparts about expanding their business cooperation and joint projects.

Vice President of the Serbian Chamber of Commerce, Mihajlo Vesovic said that Serbia and China had already made significant steps in the mutual trade cooperation and added that he expected for the cooperation to grow even more and move from the intergovernmental level to direct business deals between the business people from the both countries.

“Serbia is a great destination in that respect and, together with the neighbouring countries, we can offer to Chinese businesses various benefits. Having direct flights between China and Serbia and scrapping visas for Chinese citizens will be exceptionally beneficial”, said Vesovic.

An assistant to the Serbian Economy Minister, Vladimir Petrovic commented that „China is one of the most important partners to Serbia which has been proven through projects that were important for both countries“.

„Serbia is the first country to have been granted a special status and expect the cooperation between Serbia and China to be raised to a higher level because China recognizes our potential for exporting goods under preferential terms that Serbia has with many countries“, Petrovic underlined and added that the total value of the ongoing investments was close to 3 bln EUR.

The Chinese Ambassador to Serbia, Li Manchang says that this is, by far, the biggest Chinese business delegation that has visited Serbia which speaks about the seriousness of Chinese intentions.

„Guangdong is the most developed province in China and they make their decisions pretty fast. Serbia is adamant about abolishing visas for the Chinese citizens and this will open a huge door to future cooperation“, the Ambassador said.

The value of the annual GDP generated by the Guangdong province is $1.17 billion, or $10,000 per capita. The companies from this province have invested $10.6 billion in foreign companies so far.

(Vecernje Novosti, 20.10.2016)

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