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Dec 08, 2017 15:48 EEST
December 8 (SeeNews) - Serbia plans to set up a joint chamber of commerce with Turkey, in order to encourage trade and investment in the two countries, the Serbian Chamber of Commerce said.
The Serbian Chamber of Commerce and the Union of Chambers and Commodity Exchanges of Turkey signed a memorandum of understanding (MoU) on the matter and the first session of the joint body is expected to be held in April 2018, Serbia's Chamber of Commerce said in a statement on Thursday.
The joint chamber will bring together businessmen of the two countries focused on strengthening their partnerships, trade, investment and cooperation.
"We have entered a new era of economic relations between Serbia and Turkey, there are great opportunities and potential for improving the economic cooperation and business arrangements of the companies of the two countries," the president of Serbia's Chamber of Commerce, Marko Cadez, said in the statement.
Last month, Serbia's government said it plans to sign an agreement with Turkey on providing mutual incentives for and protection of investments in the two countries.
Serbia's exports to Turkey rose by 16.8% on the year in the first nine months of 2017, reaching $229.3 million (195.3 million euro). Serbian imports from Turkey increased 17.8% to $562 million, according to data from Serbia's statistical office.
($ = 0.851923 euro)
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