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The Government of the Republic of Serbia

In the service of citizens

Significant growth of trade with Turkey

Belgrade/Bursa, 14 January 2018

Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications Rasim Ljajic spoke today in Bursa with Turkey's Deputy Prime Minister Hakan Cavusoglu about improving the overall economic relations of the two countries and the implementation of infrastructure projects.

Author: Tanjug

As an illustration of the improvement of relations, Ljajic said the trade between the two countries exceeded the record $1 billion in the first 11 months of last year.

That is 21 percent more than in 2016, and given that this month a new agreement on the stimulation and protection of investments will be signed, and on the arrival of new investors from Turkey, an even stronger growth of foreign trade is expected this year, and especially Serbia’s exports to Turkey, he added.

Cavusoglu estimated that the visit of Turkish President Rexhep Tayyip Erdogan to Serbia and talks with President Aleksandar Vucic opened a new stage in relations between the two countries, adding that the realisation of all projects agreed during the presidential visit will begin already in the spring.

At the meeting at the “Rumelisiad” Business Association in Bursa, which brings together businessmen from the territory of the former Yugoslavia, Ljajic urged Turkish companies to invest in Serbia because, as he pointed out, Belgrade is becoming a centre for Turkish investments in the region of the Western Balkans.