As Serbian President Aleksandar Vucic said on Wednesday during a visit to Belgrade, a free trade agreement between the two countries is going to be established soon by him and his Israeli counterpart, Isaac Herzog.
At a press conference Vucic said that it is extremely important for Serbia to conclude a free trade agreement with the state of Israel as soon as possible. He expressed his belief in mutual benefit for the both sides and confidence that it could be done much faster than normal procedures would dictate.
From his side, Herzog said during a discussion event after the press conference that it should be the main priority, as the achievement of a free trade agreement will bring the benefit to both peoples and help them achieve success together.
According to Vucic, improvement of relations on technology and artificial intelligence, AI had also been talked about. He mentioned a “huge space for cooperation” in areas such as scientific and technological cooperation that exists in further attracting Israeli investments but also in the field of cyber security, that has been discussed many times with Israeli officials.
Serbia reports that both domestic and international organisations monitoring surveillance has a track record of using various types of software produced by Israeli companies for surveillance of anti-government activists among others.
They listed Serbia’s Security Information Agency among users of the software of the Israeli company Circles In 2020, which makes it possible for the user to locate every phone in the country in seconds.
The release of Alon Ohel, who has dual Israeli and Serbian citizenship and has been held hostage by Hamas since its attack on Israel on October 7 last year was urged by both Herzog and Vucic.
Vucic’s condemnation of the Hamas attack in October 2023 was appreciated by Herzog. The war in Gaza that followed, and the mass atrocities reported by international organisations was mostly not talked about in Serbia.
According to a BIRN investigation, arms and/or ammunition worth just over 7.3 million euros were exported to Israel in July by Serbia’s main state-owned arms trader, Yugoimport-SDPR. Due to that, the total value of Serbian arms and ammunition exports to the country in 2024 was brought to 23.1 million euros.
Ongoing Israeli military operations in Gaza and the exports come together. Gaza’s Hamas-run health ministry reports that more than 40,000 Palestinians have been killed and more than 90,000 wounded. Israel’s need for arms is further fueled by an ongoing conflict with Hezbollah in Lebanon.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.
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