Erdogan’s official visit to Serbia: Investment impetus

Turkish President, Recep Tayyip Erdogan’s official visit to Serbia on Tuesday paves the way for the bigger economic and commercial cooperation between Turkey and Serbia. The Turkish state delegation will also comprise of 185 business people who have expressed interest in investing in Serbia – says Rasim Ljajic, Serbian Deputy PM.

Ljajic adds that the Turkish president will spend two days in Serbia, and that he will be accompanied by the heads of the companies from construction, tourism, agriculture, food and metal processing sectors. These businessmen will meet with the Serbian partners to discuss investment opportunities in Serbia.

“During the visit, the two sides are going to sign agreements on the arrival of certain Turkish companies to Serbia and the name of these companies will be revealed after the two state presidents meet”, Ljajic adds.

According to him, Serbian president, Aleksandar Vucic and his Turkish counterpart, Recep Erdogan will be present during the signing of an agreement that stipulates 35-million-EUR worth of Turkish investments.

Turkish and Serbian business communities have high hopes from President Recep Tayyip Erdogan’s upcoming visit to Belgrade.

Serbian Chamber of Commerce and Industry President Marko Cadez told Anadolu Agency that certain amendments to the free-trade agreement (FTA) between the two countries are on the cards during the visit.

“The amendments to the FTA were harmonized last week and will become official during the upcoming visit of the Turkish state and business delegation to Serbia,” Cadez said.

According to the Turkish Statistical Institute (TurkStat), trade volume between the two countries has been continuously growing since the FTA was signed in 2009; it shot up to nearly $900 million in 2016 from $362 million in 2009.

But Cadez said there still remained “an enormous untapped potential in both countries”.

Further liberalization of trade in agricultural and food products will help increase bilateral trade, he said.

Turkey’s export to Serbia stood at $442 million while its import from the country was more than $284 million in January-August 2017, TurkStat data reveals.

(Dnevnik, Anadolu newswire, 08.10.2017)

This post is also available in: Italiano

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