India & Serbia agree to set bilateral trade of 1 Billion Euros by end of this decade

President Droupadi Murmu and her Serbian counterpart Aleksandar Vucic agreed to set a target for bilateral trade from the present 320 million euros to one billion euros by the end of the decade, said the Ministry of External Affairs in Belgrade yesterday, June 8.

President Droupadi Murmu is on a three-day State visit to Serbia from the 7th to the 9th of June. 

While briefing media about the India-Serbia relations, Secretary (West), Ministry of External Affairs Sanjay Verma said that during the visit, President Droupadi Murmu highlighted that the relations between both sides have a shared understanding of each other’s core interests. 

Earlier, in a joint press statement to the media, President Murmu highlighted the positive outcomes of the delegation-level talks and the resolve of the two nations to work on diverse areas of potential cooperation.

President of Serbia, Mr. Alecsandar Vucic also promised simplification of the issue of Visa to Indians. He hoped that direct flights between the two countries will begin soon.

It will promote tourism and business between the two countries, he added. Apart from the delegation-level talks, a high-powered business delegation consisting of members from three Indian Chambers of Commerce and Industry, ASSOCHAM, FICCI, and CII also held talks with a business delegation from Serbia.

Yesterday, President Murmu laid a wreath at the monument of the unknown heroes at Mount Avala. She received a ceremonial welcome and a guard of honour at Mt. Avala.

President Murmu will return to India today after the successful completion of her State visits to Suriname and Serbia from the 4th to the 9th of June.