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Imports from Algeria worth EUR 55,000 in 2009

29. January 2010. | 06:17

Source: Tanjug

During the first nine months of 2009 Serbia imported goods from Algeria to the value of EUR 55,000 and exported goods to the value of EUR 14.5 million. According to data form the Directorate of Bilateral Economic Cooperation of the Ministry of Foreign Affairs of the Republic of Serbia (MIP) only helium gas was imported.

During the first nine months of 2009 Serbia imported goods from Algeria to the value of EUR 55,000 and exported goods to the value of EUR 14.5 million. According to data form the Directorate of Bilateral Economic Cooperation of the Ministry of Foreign Affairs of the Republic of Serbia (MIP) only helium gas was imported.

Deputy Director of the Directorate of Bilateral Economic Cooperation Radoslav Jankovic said that Serbia's trade balance with Algeria is in constant surplus, as in the period between January and November 2009 Serbia exported goods to the value of EUR 14.49 million. Serbian companies present in Algeria include the pharmaceutical company Hemofarm and the civil engineering and contracting company Energoprojekt, which found the right business model - partnership with Algerian companies.

At a meeting of experts on the commercial potentials of African countries at the Belgrade Chamber of Commerce, Jankovic encouraged Serbian companies to enter into cooperation with companies from Algeria and get acquainted with the Algerian trade regulations, according to which 70 percent of the capital in foreign trade partnership belongs to the foreign and 30 percent to the domestic company. Serbian economy has great potential for access to the Algerian market, Algerian Ambassador to Serbia Abdelkader Mesdoua underscored. The ambassador said that Algeria is a politically stable country nowadays, and that it has the potential for further economic growth.

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06. February - 12. February 2012.