Turkish President Recep Tayyip Erdogan, who is coming to Serbia early next week, will be accompanied by a delegation of Turkish business executives from the food, textile, wood and car industries.
During the visit, Serbian business people, from the same industries, will have an opportunity to talk with their Turkish counterparts about potential partnerships at the business forum to be held at the Palace of Serbia in Belgrade.
In the past years, the economic cooperation between Serbia and Turkey, which have signed a Free Trade Agreement, has become stronger, with the value of last year’s trade amounting to 1.084 billion euro.
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The Turkish parliament ratified the new free trade agreement between Serbia and Turkey this January, creating the conditions for a larger number of goods to be included in the customs-free trade regime.
The director of the Sector for International Economic Relations at the Chamber of Commerce of Serbia, Jelena Jovanovic, says that in the period since 2010, the external trade between the two countries has increased 4.5 times.
“Based on the data for the first seven months, the external trade is expected to exceed 1.2 billion euro this year,” Jovanovic told Tanjug.
Serbian auto-industry exports to Turkey pumps, tires and various automotive components, while Serbia imports mostly car components, textile and fruit from Turkey.
Thanks to the new free trade agreement which the Turkish parliament ratified this January, this is the first time that Serbia is allowed to export duty-free to Turkey.
Serbia can now export up to 5,000 tonnes of beef, 25,000 tonnes of raw sunflower oil, 10,000 tonnes of refined sunflower oil, 15,000 tonnes of sunflower seeds, 1,000 tonnes of animal feed products and 500 tonnes of selected baked products to Turkey.
Export quotas are doubled for beans, green beans, sweet corn and prunes too.
This post is also available in: Italiano