ECONOMIC RELATIONS

ITALY-SERBIA

Svetlana Jovanovic

Expert associate

September 2007

150 YEARS OF TRADITION

SERVICE TO THE COMPANIES, ADVOCATES BUSINESS INTERESTS BEFORE THE GOVERNMENT, INITIATES AND PROMOTES ECONOMIC REFORMS

OVER 100,000 MEMBERS

TOGETHER WITH 18 REGIONAL CHAMBERS REPRESENTS A CHAMBER SYSTEM OF SERBIA

10 REPRESENTATIVE OFFICES AND 10 INDIVIDUAL REPRESENTATIVES ABROAD

IN ITALY SCC SERBIA HAS REPRESENTATIVE OFFICES IN MILAN AND PADOVA AS WELL AS A REPRESENTATIVES IN FLORENCE

AVIALABLE SERVICES Information services (Offer and demand, Tenders and

Projects, Regulations of local and intl.trade, Magazines, financial standing of domestic and intl.firms)

Services in field of education (Seminary, Training course) Promotional services (Presentation of companies, Advertising

in publications, catalogues). Administrative services (Time tables. TIR and ATA carnets,

certificates needed for exported/imported goods, cerificates for goods - not produces locally for the purpose of exumption from custom duties, licence, visas, verifications etc.)

Consultancy services ( Elaboration of business plans, WEB presentation, applications of quality management ISO 9001 in combination with HACCP, The Courdt of Honor, legislative consulting).

Logistic services ( Organization of meetings, fairs, B2B, local and foreign delegations etc.)

INTERNATIONAL CHAMBER OF COMMERCE

EUROCHAMBRES

CECCI –

CENTRAL- EUROPEAN INICIATIVE OF EUROPEAN CHAMBERS

ASSOCIATION OF MEDITERRANEAN CHAMBERS

ASSOCIATION OF BALCAN CHAMBERS (ABC)

MEMBERSHIP IN INTERNATIONAL

INSTITUTIONS

CHAMBER SYSTEM IN

SERBIA

CHAMBER OF COMMERCE OF SERBIA

CHAMBER OF COMMERCE OF VOJVODINA

CHAMBER OF COMMERCE OF BELGRADE

CHAMBER OF COMMERCE OF KOSOVO

16 REGIONAL CHAMBERS

SERBIAN CHAMBER OF COMMERCE

AND FOREIGN CHAMBERS OF

COMMERCE

SERBIAN CHAMBER OF COMMERCE HAS SIGNED

AGREEMENTS ON COOPERATION WITH THE CHAMBERS,

BUSINESS COUNCILS AND BOARDS FOR INTERNATIONAL

COOPERATION FROM MORE THAN 40 COUNTRIES

THE MAJOR AIM OF SIGNING THE AGREEMENTS IS TO

PROMOTE AND IMPROVE BILATERAL ECONOMIC

RELATIONS.

ITALIAN PARTNERS TO THE CHAMBER

OF COMMERCE OF SERBIA

BUSINESS ASSOCIATIONS AND INSTITUTIONS

UNIONCAMERE CONFINDUSTRIA

C.C.I.A.A. di MILANO (PROMOS) CONFCOMMERCIO

C.C.I.A.A. di TRIESTE ICE

C.C.I.A.A. di UDINE API

C.C.I.A.A. di VICENZA SIMEST

C.C.I.A.A. di ANCONA FINEST

C.C.I.A.A. di MODENA INFORMEST

MAIN CHALENGES BEFORE THE

SERBIAN ECONOMY

OVERAL LEGAL REFORM IN LINE WITH LEGAL APPROXIMATION WITH ACQUIS COMMUNITAIRE AND WTO RULES

TO SPEED UP PROCESS OF PRIVATIZATION

SIGNING OF THE AGREEMENT ON STABILIZATION AND ASSOCIATION TO THE EU

STRONG INVESTMENTS IN INFRASTRUCTURE

EFFICIENT AND EFFECTIVE NATIONAL INVESTMENT PLAN

MAJOR FOREIGN TRADE PARTNERS

IN 2007 (JANUARY – JULY)

EXPORT IMPORT

ITALY 647.5 (FIRST PLACE) RUSSIAN FEDERATION 1,420.0

BOSNIA AND HERZEGOVINA

559.5

GERMANY 900.4

GERMANY 487.6 ITALY 802.0 (THIRD PLACE)

MONTENEGRO 484.2 CHINA 674.3

RUSSIAN FEDERATION 208.8 ROMANIA 262.8

MACEDONIA 232.0 CROATIA 250.6

SLOVENIA 222.4 BOSNIA AND HERZEGOVINA

250.4

IN MIL. US $

RATIO OF COVERAGE OF

IMPORTS BY EXPORTS

(JANUARY – JULY 2007)

TRADE EXCHANGE SERBIA – WORLD 49.3%

TRADE EXCHANGE SERBIA – EU 51.7 %

TRADE EXCHANGE SERBIA – GERMANY 54.1 %

TRADE EXCHANGE SERBIA –RUSSIA 14.7 %

TRADE EXCHANGE SERBIA –ITALIA 80.7 %

FOREIGN TRADE WITH ITALY

(IN MILLIONS US$)

YEAR EXPORT IMPORT TRADE

2000 222.6 389.8 612.4

2001 311.6 500.4 812.0

2002 330.3(2)* 652.7(3)* 983.0

2003 347.7 (2)* 727.2(3)* 1,074.9

2004 447.7 (2)* 1,039.3(3)* 1,486.7

2005 656.5 (2)* 908.8(3)* 1,565.3

2006 926.0 (1)* 1099.6(3)* 2,025.6

2007/ 7 647.5 (1)* 802.0 (3)* 1,449.5

MAJOR EXPORT

PRODUCTS TO ITALY

NON-FERROUS METALS ( copper and aluminium)

CLOTHES AND SHOES

PRODUCTS FROM FERROUS INDUSTRY

WOOD (CUT WOOD, ELEMENTS AND FURNITURE)

FRUIT AND VEGETABLES (fresh and frozen)

SUGAR BEET, MUSHROOMS

CAR TYRES

RAW LEATHER

POLYETHYLENE

MAJOR IMPORT PRODUCTS

RAW MATERIALS AND SEMIFINISHED PRODUCTSFOR CLOTHES AND SHOES ( LOHN WORKS FOR ITALIAN PARTNERS)

MACHINES FOR PACKAGING AND EQUIPMENTPLASTIC INDUSTRY

ROAD VEHICLES AND TRUCKS

HOUSEHOLD APPLIANCES

FURNITURE

SEAMLESS PIPES

PAPER AND PAPER BOARD

MARBLE AND GRANITE

SECTORS WITH GOOD

DEVELOPMENT PERSPECTIVES

AGRICULTURE AND FOOD PROCESSING INDUSTRY

WOOD PROCESSING AND FURNITURE INDUSTRY

JOINT PRODUCTION OF CLOTHES AND SHOES

AUTOMATED PRODUCTION PROCESSES

CONSTRUCTION AND TELECOMMUNICATIONS

MEANS OF TRANSPORT AND AGRICULTURAL

MACHINES

HUNTING AND SPA TOURISM

INFRASTRUCTURE

AGRICULTURE AND

FOOD PROCESSING INDUSTRY

20 % OF GROSS NATIONAL PRODUCT

26% OF EXPORT

10% OF TOTAL EMPLOYMENT

5.2 MILLION Ha OF AGRICULTURAL LAND

2.3 MILION Ha OF FOREST

PLANNED PRIVATIZATION OF ABOUT 400 AGRICULTURAL COMPANIES AND ABOUT 200 COMPANIES FROM WOOD PROCESSING SECTOR

WORLD COMPANIES PRESENT IN SERBIA:

PHILIP MORRIS, BAT (TOBACCO); INTERBREW,CARLSBERG (BEER), TETRA PACK ANDBALL PACKAGING (PACKAGING SECTOR)

ITALIAN COMPANIES PRESENT IN SERBIA:

SFIR (SUGAR BEET FACTORIES); ILLY, LAVAZZA (COFFEE) ITALSPAWN ( MUSHROOM PROCESSING ); RE DI QUALGLIE (GAME BREEDING AND HUNTING TOURISM)

WOOD PROCESSING AND

FURNITURE INDUSTRY

2.36 MILLION OF HECTARS UNDER THE FORESTS (27% TERRITORY)

WOOD RESERVES ARE 235 MILLIONS M3

90% OF DECIDUOUS TREES ( BEECH AND OAK TREE)

10% OF FUR TREES

ANNUAL PRODUCTION OF 3 MILLIONS M3

330.000 T OF PULP PAPER AND CARDBOARD

ITALIAN COMPANIES PRESENT IN THE SERBIAN MARKET :

FANTONI, ITALSVENSKA, FARMAN,HALTO,CALLIGARIS

USEFUL ADDRESSES:

SERBIAN CHAMBER OF COMMERCE :

WWW.PKS.CO.YU

THE PRIVATIZATION AGENCY :

WWW.PRIV.YU

SERBIAN INVESTMENT AND EXPORT PROMOTION AGENCY:

WWW.SIEPA.SR.GOV.YU

SHARE- FUND:

WWW.SHARE-FUND.CO.YU

BELGRADE STOCK EXCHANGE:

www.belex.co.yu

WELCOME

TO

SERBIA!