Source: eKapija | Thursday, 17.02.2011.| 14:14

Military industry exports EUR 280.75 million worth of goods to Algeria - Serbian Government's guarantees necessary

The Government of Serbia has adopted the Bill for providing the state's advance payment guarantee for Jugoimport SDPR's export of EUR 280.75 million worth of military industry products to Algeria and intends to forward it to the Parliament for urgent adoption, it was announced on the Government's website.

The agreement on export of arms and military equipment to Algeria was concluded on November 26.

As it is explained in the Bill, which was adopted by the Government at a session on February 14, one of the key problems that occurred during the negotiations between the delegation of Jugoimport and the Defense Ministry of Algeria was the provision of a counter-guarantee for the return of 15 percent of the advance payment.

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