Q:
A:
State and financial institutions must work jointly to promote exports
Belgrade,
18 September 2007
Serbian Minister of Economy and Regional Development Mladjan Dinkic said that annual growth of exports in the last three years is nearly 30%, but noted that its value is small and makes only one-fifth of GDP.
Author:
Tanjug
Speaking at the Second annual seminar on foreign trade "Trade Finance", Dinkic said that last year Serbia exported goods worth $867 per capita, compared with Slovenia’s $10,700 or Slovakia’s $7,400 per capita.
He voiced hope that the state and financial institutions should work jointly to promote exports.
According to him, previous experience shows that foreign direct investment boost exports and that one dollar of investments equaled 1.07 dollars of exports.
Dinkic said that expected influx of foreign investments by the end of the year is between $2 billion and $2.5 billion and noted that their value could mount to $5 billion in 2008 if oil company Naftna Industrija Srbije (NIS) goes private.
Enforcement of CEFTA and the signing of Stabilisation and Association Agreement (SAA) will mostly contribute to greater exports, he said and reiterated that CEFTA is a big chance for the economy of Serbia.
Dinkic announced enforced role of the Export Insurance Agency and commended the work of the Serbian Investment and Export Promotion (SIEPA).
The seminar is being organised by Meridian Bank Credit Agricole Group in association with SIEPA.
He voiced hope that the state and financial institutions should work jointly to promote exports.
According to him, previous experience shows that foreign direct investment boost exports and that one dollar of investments equaled 1.07 dollars of exports.
Dinkic said that expected influx of foreign investments by the end of the year is between $2 billion and $2.5 billion and noted that their value could mount to $5 billion in 2008 if oil company Naftna Industrija Srbije (NIS) goes private.
Enforcement of CEFTA and the signing of Stabilisation and Association Agreement (SAA) will mostly contribute to greater exports, he said and reiterated that CEFTA is a big chance for the economy of Serbia.
Dinkic announced enforced role of the Export Insurance Agency and commended the work of the Serbian Investment and Export Promotion (SIEPA).
The seminar is being organised by Meridian Bank Credit Agricole Group in association with SIEPA.
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