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The Government of the Republic of Serbia

In the service of citizens

Exceptional political, economic relations between Serbia, Turkey

Belgrade, 7 October 2019

President of the Republic of Serbia Aleksandar Vucic said today after talks with Turkish President Recep Tayyip Erdogan that economic cooperation and overall relations between the two countries are making great progress.

At a joint press conference with Erdogan, Vucic said that each arrival of Erdogan additionally fosters the development of relations, dramatically improves trade, significantly stimulates mutual visitation of tourists, fosters cultural exchange and improves cooperation in all fields.

We noted that we have made extremely significant progress in economic cooperation, Vucic said, recalling that the trade exchange between Turkey and Serbia, on the last visit of Erdogan in 2017, was slightly more than €800 million.

According to Vucic, the exchange between the two countries reached €1.084 billion last year, and in the first eight months, compared to the same period in 2018, increased by 13%.

Vucic said that this shows the dramatic rise in relations between Turkey and Serbia, noting that Serbian imports and exports are increasing.

Erdogan stressed that Turkey supports peace in the Balkans and will continue investing in Serbia, noting that on its visit six factories will be built.

The Renewed Trade Agreement has almost come into force. With Vucic, I set a new goal of two billion dollars in short-term trade, Erdogan said.

He said relations between the two countries are exceptional.