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Belarus, Serbia advance from trade to manufacturing cooperation

16.05.2013 18:59

BELGRADE, 16 May (BelTA) – Belarus and Serbia are going beyond commodity trade and developing manufacturing cooperation, Chairman of the Belarusian Chamber of Commerce and Industry Mikhail Myatlikov said at a business seminar and a business match-making session that were held at the Chamber of Commerce and Industry of Serbia on 16 May, BelTA has learnt.

“Today Belarus-Serbia cooperation is not just about trade that we constantly talk about in view of the free trade regime between our countries. It is the start of a new stage in manufacturing cooperation and implementation of new investment projects,” Mikhail Myatlikov said.

He informed that Belarus is now considering a possibility to invest in the Serbian economy. “For example, the Amkodor holding company is mulling over manufacturing cooperation with this country. More than that, one project has already kicked off - an assembly factory producing Belarusian tractors is now operational in Serbia. The assembly factory produces not only classic models, but also small tractors for farmers,” he informed.

New investment projects are coming. They will be implemented in Belarus using Serbian resources. According to the Chairman of the Belarusian Chamber of Commerce and Industry, negotiations are underway to set up a factory producing juice in Belarus. “The chamber is ready to work this project through. The project is estimated at dozens of million dollars. The factory will use both Belarusian and Serbian raw materials and ship finished products to the Customs Union member states,” Mikhail Myatlikov said.

The Belarusian delegation included representatives of two research centers of the National Academy of Sciences of Belarus. “We will discuss new selection of grain crops growing in Belarus, as well as fruits and berries that grow in Serbia and might be grown in Belarus. Today partners are sharing best practices and I think we will be able to talk about results in the nearest future,” he informed.

President of the Chamber of Commerce and Industry of Serbia Zeljko Sertic said that the ongoing visit of the Belarusian delegation is continuation of the dialogue started by the countries earlier. The visit is designed to strengthen and expand bilateral ties. However, taking into consideration the capacities of the two countries, the cooperation could be more fruitful, he said. “We need to ramp up cooperation and increase investment. We are open for joint projects and are ready to provide the necessary assistance” Zeljko Sertic said.

He believes that businessmen of the two countries need to arrange information exchange. “The establishment of a trade mission in Belarus might contribute to that. The trade mission will be opened by Serbia with the help of the chamber,” he said.

Zeljko Sertic noted that Serbian businessmen are interested in cooperation in areas like agriculture, production of foodstuffs, food industry, and metallurgy.
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