Vučić meets Michel: “Trade with Europe has increased by 33 percent”

After yesterday’s meeting with the President of the European Council, Charles Michel, the President of Serbia, Aleksandar Vučić, noted that trade between Serbia and the European Union increased by 33 percent in the first four months of this year. The projection is that the value of this trade will exceed 50 billion euros in the next three years.

Vucic recalled that last year, Serbia’s trade with the EU last year amounted to 31 billion euros. The Serbian president also pointed out that the EU’s share in Serbia’s total trade with foreign countries stands at over 60 percent.

“This shows the importance of the EU, the member states, the factories that are being built in our country, our export and import. Also, the EU is by far the biggest investor in our country with a 67 percent share,” he said.

The President of the European Council said:”This sends a strong signal of cooperation between Serbia and the EU. We just visited the Science and Technology Park and demonstrated in practice what it means when Europe invests in research. We are actually investing in the Serbian people. That is why the EU is the main investor here,” Michel said.

He added that the gas connector that runs through Bulgaria will diversify gas supply for Serbia and that the war in Ukraine has had a dramatic impact on the energy supply.

“The EU has invited the Western Balkans to join the new gas and hydrogen supply platform,” Michel added.

Vučić, together with the Head of the European Council, visited the Science&Technology Park in Belgrade and remarked that in the first three months of this year, Serbia’s IT sector’s export amounted to almost 600 million euros.

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