Relations between Turkey and Serbia

Political Relations:

Turkey deems Serbia the key country for regional stability, and supports her European integration process.

President Tomislav Nikoliç, following his election in May 2012, paid subsequent visits to Turkey. Within this context, President Nikoliç participated in the Black Sea Economic Cooperation (BSEC) Summit, held in İstanbul on 25-26 June 2012; he paid a bilateral visit to Turkey on 4-5 February 2013, visited Ankara on the occasion of Summit of Turkey-Serbia and Bosnia Herzegovina Trilateral Consultation Mechanism on 14-15 May 2013.

Ms Maja Gojkoviç, Speaker of the Serbian National Assembly, visited Ankara on 13-14 April 2015.

Prime Minister Ahmet Davutoğlu visited Serbia on 28-29 December 2015. Turkey-Serbia Business Forum was organized during the visit.

Economic Relations:

Bilateral Trade

YEARS

EXPORT

IMPORT

BALANCE

VOLUME

2012

381

205

176

586

2013

440

251

189

691

2014

506

274

232

780

2015

493

238

255

731

2014/2015 % Variation

15

9

22,7

12,8

Source: TÜİK (million USD)
 

Major Turkish export products to Serbia: textile, industrial machinery, road vehicles, iron and steel, metal products, electic tools, agricultural products.

Major products that Turkey imports from Serbia: iron and steel, textile fibre, plastic and plastic products, leather, stout leather, rough fur, rubber and rubber products,vitamins, hormones, medication, vegetables and fruits, cereals.

Free Trade Agreement between Turkey and Serbia entered into Force on 1 September 2010.

Mutual Investments

More than 50 Turkish companies have a total investment volume of 113 million USD in Serbia. Number of Serbian companies operating in Turkey is 5, amounting to a 36 million USD-investment.

Halk Bank acquired %76.75-portion of Çaçanska Bank in March 2015.