Exports record high, opportunities even bigger - 2013 trade between Serbia and Russia exceeds USD 3 billion

Trade between Serbia and Russia exceeded USD 3 billion in 2013, up 11.6 percent from 2012, officials stated at the event entitled 'Russia-Serbia: Exports Without Borders.'

Russian representatives stated in the Serbian Chamber of Commerce (PKS) that the enormous Russian market was in great need of Serbia's agricultural products and added that Serbia should make better use of the Free Trade Agreement with the Russian Federation, Tanjug news agency has reported.

Apart from some members of the Commonwealth of Independent States, Serbia is the only European country which signed the Free Trade Agreement with the Russian Federation.

Serbia's exports to Russia totaled slightly over USD 1 billion in 2013, which constitutes an increase of 22.2 percent against 2012. Imports from Russia increased by 6.6 percent in 2013, adding up to USD 1.96 billion.

According to the SCC data, Serbia for the most part imports energy from Russia while hold-ups and tights constitute the greatest contribution to its exports.

SCC President Zeljko Sertic said that the number of Serbian companies operating in Russia had increased considerably thanks to the Free Trade Agreement.

Sertic said that PKS was working with all Russian companies operating in Serbia.

The meeting was attended by Valentin Masenkov of the Cabinet of Russian Deputy Prime Minister Dmitry Rogozin, who said in a letter that the sale of Serbian products on the Russian market should increase.

During the event, officials discussed routes and specificities of delivery of goods to Russia from Europe and Balkan countries, regulations and procedures of customs clearance when exporting goods to Russia, as well as finance, logistics, legal regulations, sanitary checks, marketing, retail sale and certification.

Privredna komora Srbije

Agencija za strana ulaganja i promociju izvoza SIEPA

Vlada Republike Srbije

NIS a.d. Novi Sad

Vlada Ruske Federacije

SCC

Zeljko Sertic

Russia Serbia Export Without Borders

exports to Russia

imports from Russia

Free Trade Agreement between Serbia and Russia

Serbia Russia Free Trade Agreement

tights

trade between Serbia and Russia

Russian companies in Serbia

Russian investment

Vladimir Milenkovic

Mihail Orlov

Nemanja Stevanovic

NIS

Dmitry Rogozin

Valentin Masenkov