First contracts signed - Serbian delegation in Iran

State delegation of Serbia with representatives of commerce has given to Iran a Draft of agreement about free trade between these two countries, which will be signed in the next 6 months, as learned by "Blic" newspapers.

Some of the contracts have already been signed, therefore Agency for insurance and financing of export - AOFI, signed a contract worth 11 million euros related to the financing of export from "Gosa" Smederevska Palanka and from Factory of vagons in Kraljevo. As "Blic" was informed by the representatives of the Chamber of Commerce, Industry of motors Rakovica was negotiating with Iran's factory of combine about exporting engine parts and agricultural mechanization.

Ball bearing factory which already realized trade with Iran worth 1,1 million euros, during the last year, agreed to increase the traffic by 20% in this year, while Accumulators factory "Krusik" from Valjevo made agreement with Iran railways to export accumulators.

Ministry of economy and regional development pointed out that Iran was one of the rare countries with which Serbia had sufficient rate in goods exchange, even tough the entire international trade of both countries is below the real needs of the market.

Delegation of Serbia will be in visit to Iran until February, 25th.