Chamber of Commerce of Serbia and Trade-Industrial Chamber of Tirana signed Agreement on Cooperation

The Chamber of Commerce of Serbia (PKS) and the Trade-Industrial Chamber of Tirana (TIK) signed the Agreement on cooperation today (March 24, 2009) in Belgrade, which anticipates improvement of economic relations between the two countries.

After he signed the Agreement, the President of PKS, Miloš Bugarin, said that that document was good for both Serbian and Albanian economy sector, as well as for companies that operate in those markets.

- The Chamber of Tirana represents over 80% of Albanian economy sector and we want both associations to provide support to the entrepreneurs from Serbia and Albania – said Bugarin.

As he explained, the aim of today’s Business Forum is the improvement of that cooperation through establishment of contacts between Serbian and Albanian entrepreneurs and exchange of information on business conditions.

- The value of foreign-trade exchange between Serbia and Albania in 2008 amounted to 90m USD, and our aim is to double that value within the next two years – said Bugarin and added that Serbia registered surplus in that exchange.

According to his words, opening of joint ventures and appearance in the third markets are also in the pipeline, while the work in CEFTA forum will gain in significance thanks to the signed Agreement.

The President of TIK, Đok Uljdedaj, said that Serbia and Albania could start cooperation in the domain of agricultural-food production and civil engineering.

- We are here to present the capacities of Albanian economy sector to Serbian entrepreneurs, especially in the domains of tourism, agriculture, energy and civil engineering – said he.

Uljdedaj said that Albanija was safe market for investments and that, in spite of the global financial crisis, it would maintain the economic growth in 2009 and preserve the same economic rate as in 2008, which is the proof of macroeconomic stability in the country.

- There are still potentials for development of economic cooperation between the two countries – said he and added that the export from Albania to Serbia had been increased by 65.2% in 2008, while the import had grown by 100%.

Serbia mainly exports electric energy, food and metal goods to Albania, while Albania mainly exports steel products and bitumen to Serbia.

Albanian economic delegation, which comprises about 25 companies, will be staying in Serbia until tomorrow, and it will have bilateral talks with Serbian entrepreneurs during the day.

Privredna komora Srbije

Trade industrial chamber of Tirana

Agreement on cooperation between PKS and TIK

Miloš Bugarin

CEFTA

Đok Uljdedaj