Vesović: Trade Exchange Between Serbia and Spain to Reach one Billion Euros by the End of the Year

The Chamber of Commerce and Industry of Serbia and the Spanish Chamber of Commerce signed a Memorandum of Understanding at the Business Forum "Serbia-Spain". 

The Memorandum will contribute to a stronger connection between the economies of the two countries, new investments in the areas of high technologies, the automotive industry, environmental protection, energy efficiency, and the development of renewable sources and infrastructure.

The Memorandum of Understanding between the two Chambers was signed by Mihailo Vesović, Director of the Internationalization Sector of the CCIS, and Inmaculada Riera, Director General of the Spanish Chamber of Commerce.

"We finally have in focus economic and trade relations between Serbia and Spain.  Our trade cooperation this year will certainly reach one billion euros, and that is a great success and a significant shift compared to the previous period," Vesović pointed out at the Business Forum.

There is significant room for the expansion and development of investment cooperation between the two countries, said Vesović, pointing to the fact that Spain, as the fourth economy in the EU, is not only Europe's first and world's second-ranked tourist destination but also a country with extremely developed high technologies that are implemented in the field of the automotive industry, environmental protection, energy efficiency, renewable energy sources, and infrastructure.

The General Director of the Spanish Chamber of Commerce, Inmaculada Riera, emphasized that the two countries have exceptional bilateral relations and that additional work is needed to strengthen economic cooperation. According to her, the signed Memorandum, as well as other agreements with Serbia, will further improve the cooperation between the Serbian and Spanish economies. She reminded that Spain has so far invested about one billion euros in Serbia and invited Spanish and Serbian companies to even stronger cooperation and joint projects.

The Memorandum was signed in the presence of Tomislav Momirović, Minister of Internal and External Trade of Serbia, and Reyes Maroto, Minister of Industry, Trade, and Tourism of Spain.