At the opening Cvetkovic said that Serbia gives special importance to improving economic cooperation with Russia, adding that stronger ties are in the interest of both states’ economies.
He invited Russian investors to invest in Serbia and participants in the trade fair to set up successful business contacts with businesspeople from the Krasnodar region and all of Russia.
Following the opening Cvetkovic told the press that at a meeting of the inter-state Serbian-Russian committee for trade, economic, scientific and technical cooperation, scheduled for November 24, he expects the list of goods exported to the Russian market without customs duty to be expanded.
He recalled that the free trade agreement with Russia refers to 90% of products and that Serbia is quite interested in expanding the list.
The goal of the government’s economic policy is to increase the competitiveness of the Serbian economy in the Russian market, he stressed, voicing hope that the Krasnodar trade fair will help boost Serbian exports to Russia.
Serbian companies can thus show what they have to offer, he said, adding that the fair is also an opportunity for Serbia to improve exports and cooperation with its Russian partners.
The meeting of the inter-state committee on November 24 will be chaired by Russian Minister of Emergency Situations Sergei Shoigu and the Serbian delegation will be led by First Deputy Prime Minister Ivica Dacic.
Minister of Trade and Services Slobodan Milosavljevic said at the opening that Serbia is trying to regain the position it once held in the Russian market and voiced belief in its success.
Serbia has products and services that with their quality and favourable prices can easily find buyers in the Russian market, said the Minister and voiced hope that the
export range of 55 companies to be presented at the trade fair will result in a number of deals being struck.
He recalled that the institutional basis for better cooperation between Serbia and Russia has been created, primarily thanks to the free trade agreement.
Russian investments in the Serbian market, totalling around $550 million so far, as well as Serbian investments in Russia of $350 million give us the right to hope that our cooperation in the future will be even more satisfactory, said Milosavljevic.