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The Government of the Republic of Serbia

In the service of citizens

Speeding up economic cooperation with Turkey

Belgrade, 24 September 2010

Minister without Portfolio Sulejman Ugljanin said today that the agreements on economic cooperation, free trade and joint works in infrastructure that were signed by Serbia and Turkey have created conditions for cooperation between the two countries in various fields.

Omer Dincer, left, and Sulejman Ugljanin

Ugljanin, who is also Co-chairman of the Serbian-Turkish Joint Committee on Economic Cooperation, declared on the second day of the first session of the Committee that conditions have been created for preferential trade since diagonal cumulation of origin will be applied within the Central European Free Trade Agreement (CEFTA) market.

Serbia’s priorities are big infrastructural projects, such as roads and in the energy sector, the Minister pointed out and announced a new package of incentives for investment in certain sectors of the economy and in underdeveloped regions.

Turkish Minister of Labour and Social Security and Co-chairman of the Joint Committee Omer Dincer confirmed that the two countries have recorded better economic cooperation. This cooperation will be additionally encouraged by the agreements signed today, as well as by agreements on social security, job search and abolishment of visas.

He noted that Serbia and Turkey recorded the highest increase in cooperation right before the economic crisis, however conditions for it to continue growing still exist.

Turkey is most interested in cooperation in the fields of petrol chemistry, the cement industry and agricultural engineering, as well as construction and tourism.

Given that a large number of Serbian citizens spend their summer holiday in Turkey, it would be good that citizens of Turkey come for a tourist visit to Serbia, remarked Dincer.

President of the Serbian Chamber of Commerce (PKS) Milos Bugarin maintained that the Free Trade Agreement between Serbia and Turkey, which has already been applied for one month, will improve overall economic relations between the two countries in the long run.

Turkey is interested in increasing investment in Serbia and our country is attractive to investors both for its geographic location and various incentives to investors provided by the Serbian government, he outlined.