ECONOMIC cooperation between Serbia and Belgium in recent years is characterized by constant progress in mutual trade.
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By September this year, foreign trade recorded a growth higher by almost a third compared to the same period in 2020, despite the still difficult conditions of global business due to the coronary virus pandemic.
Milan Ristic, senior advisor at the Center for Europe of the Serbian Chamber of Commerce, points to the total trade with Belgium for the nine months of this year, which amounts to 636.7 million euros. That is a growth of 28 percent compared to the same period in 2020. There is a noticeable increase in both imports and exports from the Serbian side. Ristic points out that Belgium is a highly developed industrial country involved in international trade. She points out that good quality finished products can find a place on its market: food products, clothing and footwear, sports products, cosmetics, furniture, interior decoration products, electrical appliances, toys …
Milan Ristic, Photo by PKS
“There is also a demand for products of the chemical industry, especially plastic materials and resins, products and services of computer technology, as well as for tourist services with a special emphasis on health tourism,” explains Ristic.
Opportunities for industrial cooperation between Serbian and Belgian businessmen can be found in the domain of production cooperation in the metal processing industry, mechanical engineering, electronic and chemical industry, and the agri-food sector.
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Significant space for improving cooperation between the two economies and the creation of new joint business projects exists in the sectors of environmental protection, renewable energy sources, construction, food industry, innovation and information technology.
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Belgian companies are also interested in cooperation in the areas of water treatment, waste management and joint projects that offer solutions for smart cities.
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