Possible duty-free export of cars to Russia

Serbian Minister of Economy and Finance Mladjan Dinkic announced Wednesday at Mount Kopaonik that he and Prime Minister Ivica Dacic would pay a visit to Moscow in April to confer with Russian officials on possible duty-free export of a batch of cars from Serbia, Tanjug news agency reports.

Dinkic underlined at the 2013 Kopaonik Business Forum that this would trigger a considerable growth of Serbia's car industry as well as the arrival of another big car manufacturer in Serbia.

Kragujevac-based automotive plant is expected to export between 110,000 and 160,000 cars this year, which will depend to a great extent on how the US market accepts the new model from Kragujevac.

According to Dinkic, the Serbian government is ready to provide incentives for four industries - automotive industry, IT, agriculture and defense industry.