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Home/News/Serbia says Turkish investors show interest in its textile sector

Serbia says Turkish investors show interest in its textile sector

Serbia’s trade minister Rasim Ljajic said on Wednesday that Turkish companies have expressed interest in investing in its textile sector encouraged by the good business climate in the country.

Representatives of two Turkish textile companies have explained that they plan to start investing in Serbia later this month, Ljajic said on the sidelines of a meeting with companies active in the clothing sector in Istanbul, the Serbian government said in a statement.

Serbia offers the best business environment in the region, a highly qualified workforce and the best conditions for foreign investors, Ljajic told Turkish entrepreneurs during the meeting, organised by the Foreign Economic Relations Board of Turkey (DEIK), according to the statement.

A total of 136 companies with Turkish owners were registered in Serbia last year, which shows that the trade relations between the two countries are very good, Ljajic added.

Sebia’s exports to Turkey rose by 10.8% to 30 billion dinars ($255.5 million/242.7 million euro) in 2016, while imports from Turkey increased 18.1% to 74.3 billion dinars, according to data from Serbia’s statistical office.