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The Government of the Republic of Serbia

In the service of citizens

Upgrading political, economic cooperation with US

Belgrade, 22 February 2023

First Deputy Prime Minister and Minister of Foreign Affairs Ivica Dacic said today that Serbia has a strong interest in raising its relations with the United States (US) to the level of a strategic partnership, one of the key pillars of which would be economic cooperation between the two countries.

Addressing the representatives of a US business delegation organised by the American-Central European Business Association (ACEBA), Dacic stated that Serbia occupies a central place geographically in this part of Europe, which, in combination with a well-thought-out and serious fiscal and economic policy, enabled it to attract by far the most direct foreign investments in the region in the previous period, to generate growth in mining, processing industry, information and communication technologies and many other sectors.

According to him, last year was a record year for the inflow of foreign direct investments with €4.4 billion, which exceeded the record result in 2021 by 13.6 percent.

When it comes to economic cooperation with the US, it is developing intensively, guided by the increasing inflow of investments from American companies, the growing trade exchange of both goods and services, and traditionally significant financial support through various development aid programmes, the value of which has so far exceeded one billion dollars, added the First Deputy Prime Minister.

Dacic pointed out that today the US is among Serbia's leading foreign trade partners and is among the leading foreign investors in our country, and American companies currently employ around 32,000 workers in Serbia.

According to him, full membership in the European Union remains Serbia's central foreign policy commitment, but the building of political and economic cooperation with the US will be a no less important strategic goal for us.