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Switzerland, Serbia Hold Economic Talks

by Ulrika Lomas,, Brussels

14 May 2010

It has emerged that Doris Leuthard, President of the Swiss Confederation, met recently with Mirko Cvetkovic, Prime Minister of the Republic of Serbia, with the talks focussing on bilateral relations between the two countries, on cooperation within the international financial institutions, and on the situation in the western Balkans.

According to the Swiss Federal Administration, the discussions covered the development of political relations and technical and economic cooperation activities, with President Leuthard and Prime Minister Cvetkovic underlining the importance of the free trade agreement signed at the end of 2009 between European Free Trade Association countries (Switzerland, Liechtenstein, Norway and Iceland) and Serbia.

The agreement, which is due to enter into force later in the year, is expected to have a positive impact on economic relations between the two countries. Cooperation within the constituencies of the international financial institutions (World Bank, International Monetary Fund and the European Bank for Reconstruction and Development) was also among the topics of discussion.

The President of the Swiss Confederation and the Prime Minister stressed the closeness of relations stimulated by the presence in Switzerland of a sizeable community of Serb origin, as well as by the quality and diversity of bilateral cooperation.

Serbia's efforts in terms of European integration, and more broadly the efforts of the region as a whole to achieve the necessary political and socio-economic transition, were also the subject of discussion, as was Switzerland's support in that regard.

TAGS: economics | free trade agreement (FTA) | Serbia | agreements | Switzerland | trade

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