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Serbia, South Korea can improve economic cooperation
Belgrade,
28 September 2005
Serbian Deputy Prime Minister Miroljub Labus and Korean International Trade Association (KITA) Chairman Jae-Chul Kim agreed today that the two countries can improve economic cooperation.
Labus said that Serbia represents the centre of the Balkan region, with significant economic potentials and investment opportunities. He recalled that Serbia has free trade agreements with all the neighbouring countries.
Labus also pointed out the advantages of duty-free exports to the EU and Russia as well as two more elements that bring comparative advantages to Serbia – its high-quality workforce and encouraging tax policies.
Kim pointed to a similarity between the two countries, which both had to rebuild their industrial capacities and infrastructure after wars.
Kim also said that KITA members are very interested in investing in Serbia and he expressed the hope that Serbia will become an EU member as quickly as possible.
Also attending the meeting were the newly appointed South Korean Ambassador to Serbia-Montenegro, Kim Young-Hi, and Serbian Investment and Export Promotion Agency (SIEPA) Director Jasna Matic.
Labus also pointed out the advantages of duty-free exports to the EU and Russia as well as two more elements that bring comparative advantages to Serbia – its high-quality workforce and encouraging tax policies.
Kim pointed to a similarity between the two countries, which both had to rebuild their industrial capacities and infrastructure after wars.
Kim also said that KITA members are very interested in investing in Serbia and he expressed the hope that Serbia will become an EU member as quickly as possible.
Also attending the meeting were the newly appointed South Korean Ambassador to Serbia-Montenegro, Kim Young-Hi, and Serbian Investment and Export Promotion Agency (SIEPA) Director Jasna Matic.
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