Kazakhstan, Serbia expand cooperation
Kazakhstan and Serbia are strengthening cooperation. The Prime Minister of Kazakhstan Bakytzhan Sagintayev discussed the prospects of partnership between the states in various fields with the Prime Minister of Serbia Aleksandar Vucic. Aссording to the Kazakh Prime Minister, at present the countries have all the necessary conditions to strengthen mutual ties. Kazakhstan and Serbia have a visa-free regulation and free trade. Following the meeting of the prime ministers, several agreements have been signed, including a two-year Road Map for cooperation development.
Bakytzhan SAGINTAYEV, PRIME MINISTER OF KAZAKHSTAN:
We have paid special attention to discussing the possibilities of participation of Serbian business community in industrial-innovative and infrastructure development of Kazakhstan. Agriculture, construction, industry, tourism, SME development may become the priority areas of cooperation.
Aleksandar VUCIC, PRIME MINISTER OF SERBIA:
We discussed exports of Fiat cars as well as cooperation in the field of agriculture. We want expanded cooperation not only in the supply of seeds and plants. Our cooperation is aimed at broader trade prospects. We intend to develop cooperation in the processing industry.
Large delegation of businessmen arrived in Astana together with the Prime Minister Aleksandar Vucic. Representatives of about 90 Serbian companies took part in the Kazakh-Serbian business forum. Kazakhstani officials urged the Serbian entrepreneurs to take advantage of the subsidies and incentives that Kazakhstan has introduced for foreign investors, in particular, some of the tax benefits.
Borisbiy ZHANGURAZOV, CHAIRMAN, KAZNEX INVEST:
Value-added tax in Kazakhstan is below 12%. In Russia and China, this figure makes up 18% and 17%. We also have a lower land and property taxes. In regards to tax administration, we offer more advantageous terms compared to Russia and China and a number of neighboring countries in the region. Thus, from the point of view of taxation, investors have more advantages in Kazakhstan.
Marko CADEZ, PRESIDENT, CHAMBER OF COMMERCE AND INDUSTRY OF SERBIA:
Within the framework of the business forum, we offered Kazakhstan a number of interesting projects in the field of energy, agriculture, information technologies. Trade turnover between the two countries since the signing of the Cooperation Agreement totaled over $160 million. We intend to increase this figure, taking into account that the potential is huge.
As a result of the business forum, agreements reached on the supply of the Serbian fire trucks and other vehicles in Kazakhstan. Cost of the project, according to the Serbian Chamber of Commerce, exceeds more than $3 million. Also, entrepreneurs agreed to implement two major projects in the construction with a total value of $520 million. In addition, increase in the volume of mutual trade between the states will be boosted with the establishment of direct air floghts, which will connect the two countries’ capitals Astana and Belgrade in mid-2017.