Source: eKapija/Tanjug | Tuesday, 09.07.2013.| 17:33
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Corridor XI work must commence as urgently as possible - Plenary session held by Serbia-China Mixed Committee for Economic Cooperation

Construction of the Zemun-Borca Bridge and works on Kostolac 2 Thermal Power Station are going on schedule, but a special priority is to commence the work on a highway stretch on Corridor XI. These are the conclusions from a recent plenary session of the Serbia-China Mixed Committee for Trade and Economic Cooperation.

It was said at this session presided by Serbian Finance and Economy Minister Mladjan Dinkic that the strategic partnership between Serbia and China, established at the highest national level in 2009, had resulted in the improvement of economic cooperation between the two countries, particularly in the field of infrastructure projects.

Minister Dinkic pointed out that it was necessary to accelerate activities towards the conclusion of a loan agreement with China`s Exim Bank for the construction of a highway stretch from Obrenovac to Ljig, on Corridor XI, in order to use this building season and commence the work as soon as possible, the competent ministry announced in a release.

During the plenary session of the Mixed Committee, Chinese Deputy Trade Minister Lee Xinzao said that there was a potential for boosting the exports of Serbian companies to China.

It was also proposed at that session to organize the participation of Serbian companies in trade shows in China in the following period in order to better the communication between businessmen, which should lead to new proposals for cooperation and ideas for new projects.

Minister Dinkic said that Serbia's development strategy was based on direct investment and and export growth, adding that the strategic development industries were the automotive, IT, and the food industry based on agriculture.

He pointed to these industries as possibly interesting to Chinese companies that would open their production facilities in Serbia for the needs of exports to third markets. In that regard, it was agreed to organize a presentation of investment opportunities in Serbia for prospective Chinese investors.

Dinkic reiterated that all investors in Serbia can use the benefits of the preferential export of Serbian goods ensured by free trade agreements with CEFTA countries, Russian Federation, Belarus, EFTA, and the EU, which all together make up a market of about 1 billion people.

The two sides expressed satisfaction with the previous cooperation and the hope that it would be resumed in the future in both infrastructure projects and investments.

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