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The Government of the Republic of Serbia

In the service of citizens

Historical results of trade cooperation between Serbia, Spain

Belgrade, 29 July 2022

President of the Republic of Serbia Aleksandar Vucic said this evening, after a meeting with Prime Minister of the Kingdom of Spain Pedro Sanchez, that trade cooperation with Spain will, for the first time in history, exceed the value of €1 billion.

In the Palace of Serbia, at a joint press conference with Sanchez, Vucic said that bilateral trade has recently increased significantly, which last year was worth €811 million, and this year, in the first five months, it has increased by 64.1 percent.

Given that Spanish companies have shown interest in doing business in Serbia, we will open our doors wide for them, he said and announced the holding of a business forum in October in Belgrade, where business people from the two countries will meet.

Also, as he added, the first pioneering cooperation in the field of military industry was established between Serbia and Spain, noting that Serbia bought two CASA C-295 transport planes and will continue to purchase equipment from Spain.

We will open and complete the creation of all key agreements important for infrastructure works and investment in energy, in order to achieve the best possible results, the President said.

At the same time, he emphasised that he is proud of the fact that for the first time in Serbian history the head of the Spanish government is staying in Serbia, and pointed out that our country perceives Spain as a sincere friend and one of the greatest in the world.

Sanchez said that Spain supports Serbia when it comes to the issue of Kosovo and that it will always defend the principles of international law and territorial integrity and sovereignty, which both countries advocate.

He added that Spain advocates that the problems between the two sides should be resolved through dialogue, but that territorial integrity must be respected.

Sanchez also added that Serbia should become a full member of the EU and that Spain will always be with Serbia on the road to European integration.

The political relations of the two countries are fantastic and I am convinced that both economic and trade relations can reach that level, the Spanish Prime Minister assessed and pointed out that bilateral trade has improved in the last five years, but that it should continue to grow.

We have Spanish companies working here, and a large number of new ones are yet to come to Serbia, he announced and repeated that for this reason, a Serbian-Spanish business forum will be organized in Belgrade in October, when the signing of a bilateral agreement in areas of economy between the two countries.

We will continue to cooperate, especially during Spain's presidency of the EU in the second semester of next year, as well as to work intensively for the welfare of our two countries, for peace and the big European family of which we are all a part, said Sanchez.