Signing of Free Trade Agreement with China Announced by the End of the Year – Opening of New Factory in Nis and Air Connection of Belgrade with Beijing and Shanghai Planned Too

The question of the Free Trade Agreement should be resolved by the end of the year, stated the president of Serbia, Aleksandar Vucic.

– It is not just a question for our agricultural producers, for our winemakers and viticulturists, producers of fruit brandy and everything else, to be able to sell their great quantities in the demanding Chinese market, which is, however, the biggest market in the world, but also a question of bringing new investments – Vucic said for RTS after a meeting with his Chinese colleague, Xi Jinping, in Beijing.

He added that, for the West and other parts of the world, it was important, “because once they know that Serbia has the Free Trade Agreement with China, then we will truly become by far the best place for investments in that whole part of Europe”.

– I believe that it will contribute to the further, as president Xi said, reindustrialization of our country, the further progress and economic prosperity of our country and that it will bring good results in the future – Vucic said.

Vucic also said that the further growth of the trade with China was expected, from 5.3 to 8 billion dollars.

He also announced that a Chinese factory would open not long after in Nis, along with an expansion of the investment in Kragujevac.

There was also talk about establishing air lines Belgrade-Beijing and Belgrade-Shanghai, whereby the operator would be the Serbian national airline carrier, Air Serbia, according to the website of the President of Serbia.

– I believe that we will make them profitable more quickly than was the case with the Belgrade-New York line. Those lines will secure more contacts between our business people, but also bring more Chinese tourists – Vucic said.

He added that they had also discussed the strengthening of the military-technical cooperation, the opening of a vaccine factory in Serbia, but also China’s plans in the fields of reindustrialization and the implementation of the green agenda.

Vucic also said that he asked the Chinese president for support when it comes to Serbia’s candidacy for the organization of the international exhibition Expo 2027 and added that Serbia was ready to build new fairground premises and offer the best conditions, which would be another step toward getting the opportunity to organize this important event.

Predsedništvo Republike Srbije

President of Serbia

President of China

Aleksandar Vučić

Xi Jinping

factory

opening

Belgrade Beijing air line

Belgrade Shanghai air line

Free Trade Agreement

Expo 2027