Iran General NewsSerbia, Iran to sign free trade agreement

Serbia, Iran to sign free trade agreement

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ImageAFP: Serbia and Iran plan to sign a free trade agreement in order to increase economic cooperation between the two countries, the economic ministry said Friday.

ImageBELGRADE (AFP) — Serbia and Iran plan to sign a free trade agreement in order to increase economic cooperation between the two countries, the economic ministry said Friday.

"We are planning to sign a free trade agreement with Iran which foresees a significant liberalisation of exports which will enable the increase of mutual trade," it said in a statement.

Serbian Economy Minister Mladjan Dinkic met Friday with an Iranian delegation led by Foreign Minister Manouchehr Mottaki, who invited Serbian companies to "take part in infrastructure projects in Iran," it said.

Dinkic said Serbian exports to Iran in 2008 amounted to around 40 million dollars (32 million euros), two and half times more than the year before.

Serbia and Iran are reportedly considering cooperation in the oil industry, metalurgy, food trade and pharmaceuticals.

Mottaki was also due to meet with Serbia's Prime Minister Mirko Cvetkovic and Foreign Minister Vuk Jeremic.

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