Serbian, Chinese companies sign $500 mln trade deals

Serbian companies signed trade agreements with fifteen Chinese state-owned enterprises worth a total of some $500 million (460 million euro) on Thursday, the Serbian government said.

Belgrade and Beijing will sign a free trade agreement by the end of 2023, giving Serbian companies a chance to take their share of the Chinese market, infrastructure minister Goran Vesic said in a press release.

Bilateral trade turnover amounted to $6.14 billion, of which Serbia’s exports accounted for $1.1 billion.

In April, Serbia’s government said it signed a Memorandum of Understanding (MoU), marking the formal beginning of negotiations for a free trade agreement between the two countries.

Serbia and China were expected to sign a free trade agreement by the end of last year, Serbian president Aleksandar Vucic said in February 2022.

Photo: Government of Serbia
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