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Serbia

EDC Position-restricted select programs

EDC's Position

  • Targeted approach to business
  • Open on a restricted basis under select programs

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Country At A Glance

Flag of Serbia
Map of Serbia

Country Facts

Nominal GDP43.87 Billion USD
Population7.17 Million
Total Trade/GDP98.60%
CurrencySerbian Dinar (RSD)
Merchandise Imports from Canada16.84 Million CAD
Main importsMachinery & Equipment, Manufactured Goods, Mineral Fuels, Chemicals

EDC in Serbia

Canadian companies assisted16
International buyers insured32
Business volume6.64 Million CAD

Business Environment

Serbia has a transitional economy with significant state sector dominance, although privatization of national assets is on-going. The economy relies on manufacturing and exports, driven largely by foreign investment. The country has made progress towards EU membership (acquiring a candidate status in March 2012) and is also pursuing membership negotiations with the WTO; however, lack of transparency remains an issue. In 2010, Serbia adopted a new long-term economic growth plan, calling for a quadrupling of exports over the next decade and heavy investments in basic infrastructure. Canada has established but limited trade and investment relationship with Serbia, although there is potential for opportunities across a wide range of sectors.

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • Mining & Metals
  • Oil and Gas
  • Power
  • Telecom

How we can support your business

Through our representation Turkey, Istanbul, we provide regional support to Canadian companies planning on or currently doing business in Serbia. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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