Senior Commerce Official Visits Serbia to Celebrate 140 Years of Trade and Investment, Announces Increased U.S.-Serbia Commercial Engagement

Belgrade, SERBIA

U.S. Department of Commerce Deputy Assistant Secretary (DAS) for Europe and Eurasia David De Falco is leading a “virtual visit” to Serbia from May 25-27, 2021, to celebrate 140 years of diplomatic relations and promote trade and investment between the United States and Serbia.

During his visit, DAS De Falco held bilateral meetings with Prime Minister Ana Brnabic, as well as ministerial heads and senior officials from the Ministry of Mining and Energy, Ministry of Trade, Tourism and Telecommunications, Ministry of Health, Ministry of Economy, and Ministry of Construction, Transportation and Infrastructure. He also engaged directly with the private sector and met with Chamber of Commerce and Industry in Serbia (CCIS) President Marko Čadež, among others.

Throughout his meetings, DAS De Falco emphasized the United States’ commitment to increasing bilateral trade and investment with Serbia. DAS De Falco and Prime Minister Brnabic discussed shared goals to expand economic ties, strengthen Western Balkan regional economic integration, and develop new commercial opportunities for U.S. and Serbian companies. DAS De Falco stated, “As we celebrate this historic 140th year anniversary of U.S.-Serbia relations, we reaffirm our goals for the future: creating growth and prosperity in the Western Balkans through trade and investment.”

DAS De Falco also indicated that the U.S. Department of Commerce is on track to more than double its official engagements with Serbia this year and is working to implement a joint commercial programing series in partnership with CCIS President Marko Čadež and Serbian Ambassador Marko Djuric to further celebrate the 140th year anniversary.

Additionally, the American Chamber of Commerce Serbia hosted DAS De Falco for a lively and interactive roundtable discussion with AmCham members and U.S company representatives in the renewable energy, medical device, and IT sectors. DAS De Falco discussed the Department’s upcoming activities in Serbia and heard feedback on the business climate and ways to increase collaboration.

DAS De Falco’s visit and Commerce’s increased engagement build on recent milestones in U.S.-Serbia relations, notably the Serbia-Kosovo Economic Normalization Agreement and the U.S.-Serbia Memorandum of Understanding on Infrastructure.

International Trade Administration The International Trade Administration (ITA) at the U.S. Department of Commerce is the premier resource for American companies competing in the global marketplace. ITA has more than 2,200 employees assisting U.S. exporters in more than 100 U.S. cities and 75 markets worldwide. For more information on ITA visit www.trade.gov.