Saturday, July 20, 2013

Serbia and Republika Srpska boost economic cooperation

7/19/2013 1:50:00 PM
BANJA LUKA - The memorandum on cooperation between the chambers of commerce of Serbia and Republika Srpska (RS) signed in Banja Luka on Friday by their presidents, Zeljko Sertic and Borko Djuric, involves joining economic forces, doing joint projects and appearing in other markets together. Only together and focused on joint interest can we ensure economic progress and better life for the people, Sertic said after the signing.

 "The agreement signed in 2001 on the special parallel relations between Serbia and RS allows us to work together more closely, and that cooperation is important for our economy," he told reporters. The cooperation memorandum between the two chambers does not exclude Serbia's broader cooperation with other countries in the region - Montenegro, CEFTA members and Bosnia-Herzergovina, where RS is one of the two political entities, he said. RS will review the conditions for improvements to cooperation in energy, infrastructure, metal and electrical industries, agriculture and transport, Sertic added. Sertic will discuss all those issues on Friday with RS President Milorad Dodik, Parliament Speaker Igor Radojicic and Prime Minister Zeljka Cvijanovic as well. Officials of the two chambers also discussed the possibilities of improving chamber and economic cooperation, especially in metal industry, agriculture, ecology and insurance. They analyzed the situation and ways of increasing trade and removing obstacles to better business. ---------- 

Dodik, Sertic for greater RS-Serbia economic cooperation
 President of Republika Srpska (RS) Milorad Dodik and President of the Serbian Chamber of Commerce Zeljko Sertic agreed in Banjaluka on Friday that much greater and more rapid economic cooperation between Serbia and RS is needed. Sertic told Tanjug that he and Dodik concluded at the meeting that the two countries' economies need to be connected, in order for them to fight the economic crisis more successfully.

 The meeting also discussed how to improve the work of mixed intergovernmental committees, which meet twice a year, in order to speed up the realization of different joint projects. Construction of hydropower plants, forming of consortium of construction companies, infrastructure development with the involvement of companies in the region, railway projects, projects in the field of agriculture and food industry, ecology are just part of the joint plans.

 Sertic also said that working groups should speed up the realization of the Podrinje project agreed on last year. As announced earlier, the project will create a possibility to cooperate in the field of the economy, tourism, education and culture, and it envisages that 25 municipalities of the region of Podrinje, with 1.3 million inhabitants, be included. One of the first tasks that should be realized is turning the Drina River into a transport corridor whose modern infrastructure will connect people from both sides of the river, in both Serbia and RS, which is one of the two entities in Bosnia-Herzegovina (BiH). In the first five months of 2013, Serbia and BiH exchanged goods worth USD 606.6 million, which is a decrease of 3.9 percent compared to the same period last year. In 2012, the trade amounted to USD 1.59 million, while the share of exchange with RS accounted for 60 percent of the overall trade. Screenshot video Tanjug

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