Serbian Deputy Prime Minister Rasim Ljajic stated on Monday that businessmen from both Turkey and Serbia have initiated talks on increasing economic relations between the two countries many times but that companies need to achieve results to bring business ties to the desired level, especially in the agriculture sector.
“Privatization efforts in the country pose opportunities for investors. The agriculture sector is a major one for the Serbian economy as it makes up 17 percent of the economy. In order to expand the industry, new investments are needed and we could join forces with Turkish businessmen to reach to this goal.”
Ljajic, who is also the minister of foreign and home trade and telecommunications, was speaking at a business forum in İstanbul and remarked that bilateral trade relations, which were crowned with a free trade agreement in 2009, are not at the desired level considering the rich cultural and historical ties between the countries. “We are still not there yet with a trade volume of $600 million, which makes Turkey Serbia’s 17th trading partner. We have better economic relations with Germany, Italy and Slovenia,” he commented.