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Serbia, Vietnam stepping up economic and commercial cooperation

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Deputy Prime Minister Verica Kalanovic announced yesterday that the Serbian Ministry of Economy and Regional Development and the Vietnamese Ministry of Industry and Trade will soon sign an agreement on economic and commercial cooperation.

Following a working meeting with a Vietnamese delegation, led by Deputy Prime Minister and Minister of Foreign Affairs Pham Gia Khiem, Kalanovic stated that the current agreement, signed back in 1980, does not come even close to providing a satisfactory framework for cooperation.

Therefore we agreed to sign another agreement at the level of the relevant ministries, she explained, adding that this document will pinpoint priority areas for cooperation.

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The friendly and constructive talks with the Vietnamese delegation showed that the political relations between the two countries are much better than the economic ones, regardless of the fact that the two countries have much greater potential for participation in each other’s markets.

Kalanovic stated that the meeting also contemplated the types of goods that can be traded.

Vietnam offered what it is world famous for, namely spices, rubber, rice and coffee, she said, adding that it showed considerable interest in Serbia’s electric cables, aluminium, copper, antimony and similar goods.

We also discussed possibilities for joint investment in Serbia, she added.

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Vietnam is keen on joint investment in Serbia as a way to the EU and Russia. I invited them to invest in our country and that we jointly seek new possibilities to place our goods in third markets, Kalanovic concluded.


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