Post by radovic on Oct 31, 2007 14:57:07 GMT -5
Serbia lures European SMEs with free zones
EM Online
Serbia 'calls' the European small and medium-sized enterprises with the progressive opening of free trade zones with reduced taxation and the Italian SMEs are answering.
This is a conclusion by the association of Chambers of Commerce, Assocamerestero, which reports a strong impulse of the trade between Italy and Serbia.
According to the Assocamestero report, there are 13 free trade areas of the Republic of Serbia which offer "important advantages to the companies that want to develop their presence in the Balkans and that plan to open a road to Russia.
There is a reduced taxation in the areas, but the advantages also concern the administrative procedures in Serbia, where the GDP per capita rose by 65% in the past three years and the forecasts are for a further rise of the GDP in the last quarter, reaching the 8% annual threshold."
Trade to and from those areas are not subject to quotas, permissions, licences and the goods produced in Serbia (including those with at least 50% of their Serbian components), on the basis of the free trade agreements, can be exported without duties to the SEFTA countries (Croatia, Bosnia Herzegovina, Montenegro, Macedonia, Albania, Bulgaria, Moldova) and to Russia.
According to data by the Italian-Serbian Chamber of Commerce of Belgrade, the main Italian investments in Serbia made in the past two years were concentrated on three sectors: finance, textiles and footwear, where the Italian companies have become among the main operators.
In the textile and clothing sector some important Italian companies already present are planning to open further facilities in Serbia or are preparing to transfer large part of their production. Italian exports of the sector rose by 19.3% in the first half of this year compared to the same period of 2006 and reached 90.3 million euro. Among the
Made in Italy products - which in Serbia account for 78% of Italy's total trade and whose surplus more than doubled almost 40 million to 90.9 million euro of the first half of 2007 - mechanics remains top of the list with 119.3 million euro of goods exported as at June 2007, up by 27.7% compared to the same period of 2006, while the best growing performances were those in the metals sector (52.5%) and in transport vehicles. (ANSAmed)
EM Online
Serbia 'calls' the European small and medium-sized enterprises with the progressive opening of free trade zones with reduced taxation and the Italian SMEs are answering.
This is a conclusion by the association of Chambers of Commerce, Assocamerestero, which reports a strong impulse of the trade between Italy and Serbia.
According to the Assocamestero report, there are 13 free trade areas of the Republic of Serbia which offer "important advantages to the companies that want to develop their presence in the Balkans and that plan to open a road to Russia.
There is a reduced taxation in the areas, but the advantages also concern the administrative procedures in Serbia, where the GDP per capita rose by 65% in the past three years and the forecasts are for a further rise of the GDP in the last quarter, reaching the 8% annual threshold."
Trade to and from those areas are not subject to quotas, permissions, licences and the goods produced in Serbia (including those with at least 50% of their Serbian components), on the basis of the free trade agreements, can be exported without duties to the SEFTA countries (Croatia, Bosnia Herzegovina, Montenegro, Macedonia, Albania, Bulgaria, Moldova) and to Russia.
According to data by the Italian-Serbian Chamber of Commerce of Belgrade, the main Italian investments in Serbia made in the past two years were concentrated on three sectors: finance, textiles and footwear, where the Italian companies have become among the main operators.
In the textile and clothing sector some important Italian companies already present are planning to open further facilities in Serbia or are preparing to transfer large part of their production. Italian exports of the sector rose by 19.3% in the first half of this year compared to the same period of 2006 and reached 90.3 million euro. Among the
Made in Italy products - which in Serbia account for 78% of Italy's total trade and whose surplus more than doubled almost 40 million to 90.9 million euro of the first half of 2007 - mechanics remains top of the list with 119.3 million euro of goods exported as at June 2007, up by 27.7% compared to the same period of 2006, while the best growing performances were those in the metals sector (52.5%) and in transport vehicles. (ANSAmed)