Turkish investors show interest in Serbian textile sector

Serbia’s trade minister Rasim Ljajic during the meeting organized by the Foreign Economic Relations Board of Turkey (DEIK) on Wednesday said that Turkish companies have expressed interest in investing in Serbian textile sector encouraged by the good business climate in the country.

Serbia offers the best business environment in the region, with a highly qualified workforce and the best conditions for foreign investors, Ljajic said at the meeting.

Representatives of two Turkish textile companies have expressed their plan to start investing in Serbia later this month, Ljajic said on the sidelines of a meeting with companies active in the clothing sector in Istanbul, the Serbian government said in a statement.

According to data from Serbia’s statistical office, Sebia’s exports to Turkey increased by 10.8 percent to 30 billion dinars ($255.5 million/242.7 million euro) in 2016, while imports from Turkey increased 18.1% to 74.3 billion dinars.

A total of 136 companies with Turkish owners were registered in Serbia last year, which shows that the trade relations between the two countries are very good.