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Trade and economic cooperation to be discussed at 12th session of Russia-Serbia IGC

December 13, 2013, 12:36 UTC+3 BELGRADE

The session opens on Friday in Belgrade

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Russian Minister of Energy Alexander Novak

Russian Minister of Energy Alexander Novak

© ITAR-TASS/Valery Sharifulin

BELGRADE, December 13. /ITAR-TASS/. Matters concerning trade-and-economic, financial-and-banking cooperation and interaction in the fields of energy and agriculture will be discussed here on Friday at the 12th session the Russia-Serbia Intergovernmental Committee (IGC) on trade, economic, scientific and technical cooperation.

Officials at the Russian Embassy and in the press service of the Serbian government told Itar-Tass that the IGC co-chairmen — Russian Minister of Energy Alexander Novak and Milan Bacevic, Serbian Minister of Natural Resources, Mining and Special Planning — would discuss bilateral trade-and-economic cooperation and basic orientations for its further development, including that in the fields of transport and infrastructural projects, industry, energy, agriculture, tourism, scientific and technical cooperation, interregional interaction, the prevention and elimination of emergencies.

As a result of the IGC session, the sides are to sign a final protocol and fix a a timeframe for the holding of a regular, 13th, session which is due to be held in Moscow in 2014.

According to the data of Russia's Federal Customs Service, Russia-Serbia trade turnover ran at $1.32 billion in the first nine months of 2013, which was 13.5 percent higher than the indicators in the corresponding period of 2012.

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