Vucic: Slim chances for Volkswagen coming to Serbia, we don’t have PEM convention

The chances of a Volkswagen plant coming to Serbia are slim because, unlike our rivals in the EU, we do not have the PEM convention but, in every other way, Serbia is ahead of everyone else and an incomparably better competitor, Serbian President Aleksandar Vucic said Tuesday.

PEM Convention stands for Regional Convention on pan-Euro-Mediterranean preferential rules of origin.

“In regard to everything else, I think that Serbia is ahead of many countries. That’s my personal opinion and I mean no disrespect to our competitors. I am also very happy that we got MTU to invest here,” Vucic added.

He was speaking at a press conference where Germany’s MTU Aero Engines AG was unveiled as a new investor in the Serbian hi-tech sector.

He noted he had met earlier in the day with representatives of Chinese vehicle lights maker Xingyu, which will create 1,000 jobs in Nis from 2020, and added that another company from the German automotive sector would set up a factory in Serbia soon.

Vucic said that the government was working tirelessly on attracting foreign investors in collaboration with the German government and his adviser Jurgen Heskens.

(Blic, 07.05.2019)


This post is also available in: Italiano

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