Source: Tanjug | Wednesday, 07.10.2020.| 15:46
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Agreement on Cooperation Signed Between CCIS and Monaco Economic Board

(Photo: Edhar/shutterstock.com)
The Chamber of Commerce of Serbia and the Monaco Economic Board today signed the Agreement on Cooperation, in the presence of Serbian President Aleksandar Vucic and Prince of Monaco Albert II.

The agreement was signed by the president of the CCIS, Marko Cadez, and the CEO of the Monaco Economic Board, Guillaume Rose.

According to the Statistical Office of the Republic of Serbia, the trade between Serbia and Monaco in the first seven months of 2020 amounted to around EUR 43,000.

Serbia exported goods worth EUR 17,875 to Monaco and imported goods worth EUR 24,248 from Monaco. In the first seven months of 2020, Serbia had a deficit in the trade with Monaco of EUR 6,872. The export/import coverage ratio was 72%.

This year, Serbia exported wooden furniture for dining rooms and living rooms, other wooden furniture, car body components, printing machines, mirrors and other products to Monaco.

From Monaco, Serbia mostly imported beauty and skin care products, but also regulation and safety valves, catheters, medical tubes, wooden work desks and other products.

In 2019, the trade of goods was EUR 0.4 million, which was 0.1 million more compared to 2018.

Serbia's exports amounted to EUR 0.2 million, whereas the value of Serbia's imports in 2019 was EUR 0.2 million.

Last year, Serbia exported doors, windows, frames, door stops, made of aluminum to Monaco and imported beauty and skin care products from Monaco.
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