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Equatorial Guinea interested in Serbian Food and Chemical Industry Products

Aug 25, 2022

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Serbian companies will prepare an export offer of food products and chemical industry products, given the interest expressed by Equatorial Guinea. This was agreed upon at the meeting of the director of the Internationalization Sector of the Chamber of Commerce and Industry of Serbia (CCIS), Mihailo Vesović, and representatives of the delegation of Equatorial Guinea led by Minister of Trade, Micha Ondo Bile and Secretary of State, Obono Angue. The meeting was also attended by representatives of the companies Beohemija, Min Komerc, and Yumis, which is a long-standing exporter to Africa.

We are interested in cooperation with Serbia, especially when we talk about the import of food and chemical products that will help us to overcome the crisis that our country is currently facing, which was caused by events in the world and disruptions in the world markets," said Obono Angue, Secretary of State. She pointed out that Equatorial Guinea has an economic growth rate of 3.5 percent, inflation at the level of 2 percent, and that the country has over 3,400 kilometers of paved roads, eight ports with deep water, and five airports, all of which favor the development of industry and trade. "Our current priority is to supply the market with the necessary products, but we are interested in cooperation with Serbian companies in other sectors as well as investments from Serbia," Angue said.

Mihailo Vesović, Director of the CCIS Internationalization Sector, said that Serbian companies recognize the interest in cooperation with Equatorial Guinea. "We want to improve economic relations paved by developing political relations. Payment transactions between the two countries are functioning, which is important for business development, while trade relations will be followed by the development of investments," said Vesović, and invited Serbian companies to prepare an export offer based on the expressed interest in products, quantities, and deadlines.

In the previous period, Serbia exported to Equatorial Guinea mainly conductors, plastic pipes and equipment for agriculture and agricultural mechanization, bus tires, and tools. Foreign trade exchange in 2021 amounted to around 1.5 million dollars, while in the first half of 2022 the exchange reached about 375 thousand dollars.

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