Positive export results of domestic wood industry

Positive export results of domestic wood industry

Deputy Prime Minister and Minister of Foreign and Internal Trade and Telecommunications Rasim Ljajic today at Belgrade Fair officially opened the 50th International Fair of Furniture, Equipment and Interior Decoration, which gathered together over 500 exhibitors.

Opening the event, he said that he expects a large number of visitors and the contracting of new business arrangements.

He said that the local wood industry, although in crisis, last year recorded a positive export performance, and added that the situation in the first nine months of this year is also good.

The Deputy Prime Minister said that the export value of wood products last year amounted to €287 million, half of which are related furniture and building hardware.

He stressed that it is necessary that the state provides subsidies and export incentives in order to help local furniture manufacturers to export more to countries with which Serbia has signed free trade agreements, such as Russia.

Next month a Serbian delegation will visit Russia to discuss the opening of a distribution centre for producers from Serbia, he said.

He expressed the hope that foreign companies will find their interest to invest in the wood industry in Serbia, particularly because of these free trade agreements.

The fair under the slogan “What do you miss” will last until 18 November. The exhibitors have announced a wide selection of domestic and imported furniture pieces and sets, as well as decorative elements, with a discounts of 15% to 40%.

One-third of exhibitors are foreign. Approximately 60,000 visitors are expected to visit the fair.

Simultaneously with the furniture fair, the International Exhibition of Machinery, Tools and Raw Materials for the Furniture Industry is being held.