China’s Investments in Serbia reached 5.5 billion Euros

The Minister of Trade of Serbia, Tomislav Momirović, said that in the period from 2014 to 2023, direct foreign investments from China in Serbia amounted to about 5.5 billion dollars, which places China on the list of the 10 largest investors in the Serbian economy, and individually, it finds is in another place.

After the 11th session of the Mixed Intergovernmental Commission for Trade and Economic Cooperation between Serbia and China, Momirović pointed out that the arrival of significant Chinese companies in Serbia, which invest in the mining and energy sectors, as well as the auto industry, is constantly improving investment and trade cooperation. which becomes the engine of further strengthening of economic ties between the two countries.

“We are working to support and promote economic opportunities in China, and above all when it comes to companies in the agriculture, agro industry, pharmaceutical industry and machinery industry, because this opportunity is not an opportunity that is limited to a few years. This opportunity will bring billions of euros economic exchanges in the coming decades,” Momirović said.

He also emphasized that the implementation of the trade agreement between Serbia and China is expected when all legal procedures in China are fulfilled.

“Serbia has completed all administrative procedures and the Free Trade Agreement can begin to be implemented tomorrow. The Ministry of Agriculture and other relevant ministries are constantly harmonizing various certificates to enable faster passage of our agricultural products in China and so far they have achieved significant results,” he said.

According to him, today’s meetings with representatives from China were an opportunity to coordinate some of the details more effectively.

Momirović also emphasized that China was Serbia’s second trading partner last year, with total trade of 6.1 billion dollars, and that exports to China in 2012 amounted to 6.4 million dollars, while in 2023 that amount was 1.2 billion dollars.

“In the first two months of this year, the total exchange of goods amounted to 931.3 million dollars, which represents an increase of 1.3 percent compared to the same period last year,” the minister added, Hina reports.

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