COOPERATION
ECONOMIC COOPERATION WITH ITALY IS EXTREMELY DEVELOPED AND DIVERSIFIED
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Italy is the 9th largest foreign investor in Serbia in the last ten years
ilateral relations between Serbia and Italy are very developed and intense and the two countries can serve as an example of successful and consolidated cooperation. The strategic partnership between Serbia and Italy was established on November 13, 2009 in Rome, during the first joint session of the two governments. Economic cooperation with Italy is extremely developed and diversified. Italy is the second most important external trade partner of Serbia and one of the largest foreign investors here. About 1,850 Italian companies, which are partially or majority owned by Italians, are registered in Serbia, and employ over
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26,000 workers. Some of the biggest Italian investors in Serbia include Intesa Sanpaolo, FIAT Crysler, Unipol Sai S.p.A., Ferrero, Cogeme Group and others. The turning point in the trade the two countries happened in 2013, when,
THE STRATEGIC PARTNERSHIP BETWEEN SERBIA AND ITALY WAS ESTABLISHED ON NOVEMBER 13, 2009 IN ROME
thanks to the export of Fiat cars, when the total external trade between the two countries increased by more than 50, and Serbian exports by more than 90 percent. According to the data collated by the State Statistical Bureau, in 2020, Serbia exported 1.4 billion euro worth of goods to Italy, which is a 19.3% decline compared to 2019. In the same period, imports from Italy amounted to 1.9 billion euro, which is also a decrease of 7.1 compared to the year before. Also, in the first three months of 2021, Serbia exported 422.5 million euro worth of goods to Italy, which is 2.1% more relative to the same period last year. In the same period, imports
