After the signing, Dinkic stated that the agreement will serve as a good basis for increasing Czech investment in Serbia and the initiation of Serbian investment in the Czech Republic.
Prior to the global economic crisis the annual trade between Serbia and the Czech Republic stood at €350 million, he recalled.
He mentioned the Czech company Mitas which took over the Serbian company Rumaguma with 300 employees, as a successful example of Czech investment in Serbia.
Mitas now plans to build a new factory in Ruma. The factory will be built over an area of 9,000 square metres and nearly €30 million will be invested in the project, confirmed Dinkic.
He explained that he talked with Janota about the implementation of the transport cooperation protocol between the two countries.
He confirmed that the Czech Export Bank, which is under the jurisdiction of the Czech Foreign Ministry, is willing to approve a €120 million loan for the modernisation and electrification of the Nis – Dimitrovgrad railway line.
Serbia has signed a number of agreements concerning mutual investment incentives and protection, primarily with EU countries, Dinkic noted, adding that such agreements are increasing in number since they make it possible for capital to flow more easily.
Janota emphasised that the agreement signed today will be of great benefit to business-people in the two countries, providing them with a clear legal framework and guarantee that their investment will be protected.
He said that he hopes that the Czech Republic and Serbia will also build a well developed economic relationship, besides the existing good political relations, adding that the Czech Parliament will soon ratify a double taxation avoidance agreement with Serbia.