Serbia and China have officially started negotiations on free trade between the two countries by signing a Memorandum of Understanding, the Government announced.
The memorandum was signed in Beijing by the Serbian Minister of Internal and Foreign Trade, Tomislav Momirović, and the Minister of Trade of the People’s Republic of China, Wang Wentao, confirming that Serbia is an important strategic partner of China in the Western Balkans.
“This is another big step in the additional strengthening of our economy”, said Momirović and added that ten years ago exports to China amounted to six million dollars, and last year it amounted to 1.3 billion dollars, which confirms the fact that we are a common achieved enormous success and further developed our economic relations.
He pointed out that one of the main tasks in the coming period is the implementation of the free trade agreement, which will give our companies new opportunities on the Chinese market, and on the other hand, Chinese companies will make even greater successes in Serbia.
The minister stated that it is expected that next year, when this agreement enters into force, our exports will exceed the amount of two billion dollars, which will be a real success.
By signing the Memorandum of Understanding, which formally begins negotiations on free trade between Serbia and China, Momirović also ended his three-day visit to China.