Riding a wave of the Belt and Road Initiative and fast-developing China-Serbia partnership, dozens of Chinese companies are eyeing the Serbian market. More than 40 Chinese companies are showcasing their products at an agriculture exhibition in the northern Serbian city of Novi Sad, which was officially opened on Tuesday [16 May 2017]. The exhibition, Premium Agricultural Brands of China in Serbia 2017, is part of the International Agriculture Fair…Full Article: China Daily May 2017

Key Point

  • According the Serbia’s State Secretary of the Ministry of Agriculture and Environmental Protection, China has granted export approval to Serbian lamb, while equivalent export approvals for beef, pork, dairy products, and other crop products are ongoing.

ChinaAg Comments

  • In January 2017, the Bank of China opened its branch in Serbia, becoming the first Chinese bank to do so.
  • In February 2014, Serbia’s Minister of Agriculture and Chinese investors visited the Budimka fruit processing plant (e.g. jams, juices, canned fruit) in Požega, Serbia. Budimka, based in western Serbia, was privatized in 2008, but has since undergone a restructuring process since 2010. During the same month, China’s central bank, the People’s Bank of China (PBC) announced they will institute customized financial services in order to modernize farming practices. For example, farmers who cultivate fruit or other crops will long growth cycles will be eligible to receive loans that have a maturity length of up to 10 years.
  • In May 2013, the State Secretary in the Serbian Ministry of Agriculture stated that Chinese entrepreneurs could invest in Serbian agriculture and food production companies as a means to penetrate the markets in which Serbia has free trade agreements with (e.g. the EU, Russia, and CEFTA).

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