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Increasing level of trade, Turkish investments in Serbia

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Deputy Prime Minister and Minister of Foreign and Internal Trade and Telecommunications Rasim Ljajic and President of the Confederation of Industrialists and Businessmen of Turkey (TUSKON) Rizanur Meral opened today at a business forum that gathered more than 50 businessmen from Turkey and Serbia.

The business forum in Istanbul presented opportunities to promote economic cooperation, particularly in the areas of agriculture and food industry, car manufacturing, mechanical industries, textiles and tourism.

Also, during the bilateral meeting of businessmen of the two countries, initial business contacts were made.

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Ljajic and Meral also agreed that a group of 30 businessmen and industrialists from Turkey visit Belgrade in March.

The Deputy Prime Minister said that the current level of trade with Turkey and investment from Turkey in Serbia is inadequate, considering the possibilities of economies of the two countries.

He said that taking into consideration the size of the market, government incentives for foreign investments that range between €4,000 and €10,000 per new job created, as well as tax incentives for foreign investors, Serbia is a preferred destination for investment in the region.

TUSKON is the largest business association in Turkey, bringing together more than 120,000 companies.

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Ljajic during his stay in Istanbul also met with President of the Chamber of Commerce of Istanbul Murat Jelcintas. The chamber has more than 350,000 members representing one-third of the Turkish economy.

The topics of discussion were the possibility of organising joint trade shows and intensification of cooperation between Serbian and Turkish Chambers of Commerce, according to a statement the Office of the Deputy Prime Minister.

Source Serbian Government

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