Russia and Serbia Strengthen Agricultural Cooperation
Russia and Serbia continued to strengthen their agricultural cooperation in 2020, marking a significant increase in the turnover of agricultural products between the two countries. The bilateral trade in agricultural products experienced a 7% growth, reaching $516 million. Notably, the export of domestic food products from Russia to Serbia surged by 25%, totaling $112 million. This development highlights the mutual interest of the two nations in expanding their trade relationships.
Key Takeaways:
- The turnover of agricultural products between Russia and Serbia increased by 7% in 2020, reaching $516 million.
- The export of domestic food products from Russia to Serbia grew by 25%, totaling $112 million.
- The Russian Ministry of Agriculture, led by Deputy Minister Sergei Levin and State Secretary Bogdan Igic, co-chaired the Russian-Serbian Working Group on Cooperation in the Field of Agriculture.
- Business representatives from both countries participated in the meeting, emphasizing the importance of bilateral cooperation in the agricultural sector.
- Russia seeks to expand mutual trade, with the Ministry of Agriculture focusing on organizing the supply of domestic dairy products to the Serbian market.
- Russian retailers are interested in direct shipments of fresh fruits and vegetables from Serbia.
- The joint business mission aims to establish direct contacts between Russian companies and Serbian entrepreneurs interested in purchasing domestic agricultural products.
Statistics:
- 7% increase in the turnover of agricultural products between Russia and Serbia in 2020.
- Total turnover of agricultural products: $516 million.
- 25% growth in the export of domestic food products from Russia to Serbia, totaling $112 million.
- Number of business representatives participating in the meeting: to be specified.
- Target market for Russian dairy products: the Serbian market.
Sources:
- Euclid Infotech Pvt. Ltd. (2021)
- Contify.com (distributor of the content)