New opportunities for further improvement of economic cooperation between Serbia and China

Jelisavac Trošić, Sanja and Stojanović-Višić, Biljana and Petrović, Vladeta (2018) New opportunities for further improvement of economic cooperation between Serbia and China. The Review of International Affairs, LXIX (1169). pp. 21-35. ISSN 0486-6096

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Abstract

China and Serbia in recent years have started new forms of cooperation within the established China-CEEC “16+1 cooperation” mechanism. This cooperation is far more comprehensive and bearing a number of completed and planned concrete projects. Chinese companies already have a number of infrastructure projects in Serbia, as well as some major investments in several sectors of the Serbian economy. Since these projects have been proven to be fruitful, apart from deepening the existing forms of cooperation, it would be desirable to start investing in new sectors of the Serbian economy that have a potential for growth and development. Since it is possible to export from Serbia to many countries of the world, China would benefit from production in Serbia. Investments in the agriculture and food processing industry have a great potential for further growth of these production sectors, and they occupy a significant place in Serbian exports. Based on the foreseen possibilities of growth, primarily in the processing industry of Serbia, the paper gives a few recommendations for industrial cooperation between China and Serbia.

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