Speaking at the Summit meeting of the Largest Serbian Exporters, organised jointly by the Deputy Prime Minister’s cabinet and the Serbian Chamber of Commerce, Djelic said that the first set of measures are directed at making the Serbian economy more competitive by simplifying the procedures for border-crossings and for issuing building licenses and other permits.
He said that the implementation of the transitional trade agreement will lower the prices of raw materials, making it easier for Serbia to import raw materials and equipment.
Djelic set that the second set of measures will give exporters easier access to financing, adding that a sum of €250 million has been obtained from the European Investment Bank to keep the Serbian export sector liquid.
He said that the third set of measures is directed towards maintaining export growth in existing markets and to find new markets.
Djelic said that there are plans to have a greater market presence in Turkey, Ukraine, Russia, the Middle East and North Africa, stressing that a well-timed response to changes in the market requires cooperation between the government and exporters.
He said that Serbia’s credit rating has not fallen, despite the global financial crisis, adding that he expects that the adoption of the budget and other measures by the government will lead to a stable credit rating.
He said that new circumstances have not altered Serbia’s main objective, which is to make the state responsible for sharing the problems faced by exporters.
Serbia cannot maintain macroeconomic stability without increasing exports, reiterated Djelic, adding that analysis shows that exports could begin to stagnate.
He said the exporters expect this because of a fall in the prices of the main Serbian exports and recession in the key countries to which Serbia exports.
He said that the problems in the Serbian export sector are not because of bad performance or low productivity, rather a fall in demand in its main markets.
He said that Serbia still has the potential to become an export oriented country, adding that competition must be increased in order to increase exports, exporters should be given easy access to funding and supported in efforts to find new markets and the level of exports to the Central European Free Trade Agreement market should be maintained.