President of the Republic of Serbia Aleksandar Vučić met today with the Minister of Agriculture of the Russian Federation, Dmitry Patrushev to discuss additional potentials for the development of trade in agricultural and food products, as well as cooperation in veterinary and phytosanitary control, and technological innovations that would significantly improve the standards of agricultural production in both countries.

President Vučić pointed out that the Russian Federation is one of the most important foreign trade partners of Serbia and that the volume of exchange of agricultural and food products is on the permanent rise.

The interlocutors assessed that the cooperation is at an extremely high level.

"The total value of trade in agricultural and food products between the Republic of Serbia and the Russian Federation during 2020 amounted to 480.7 million USD, which is an increase of 10% compared to the value of trade in 2019 and a record level of trade in the last eleven years", the President pointed out and added that Serbia strives towards further growth of trade, but also that the total export from Serbia in the next three years will increase to at least 1.5 billion dollars.

President Vučić and Minister Patrushev stated that the establishment of joint companies to participate in third markets would bring remarkably great benefits for both sides since Serbia and the Russian Federation have top products that could cover a good part of the demand on the global market.

The President also emphasised the importance of cooperation in the field of science and technological innovations between the two countries, as well as the need to apply the highest world standards in this area as well.

Source/Photo: www.predsednik.rs