Iranian and Serbian officials on Sunday studied ways to develop economic cooperation and market potentials in the run-up to the 14th Iran-Serbia Joint Economic Commission, Irna reported.
According to the Trade Development Organization, Serbian ever growing market prepares the ground for expansion of economic cooperation with Iran and the Iranian officials should take proper action to explore the market.
Serbia and other newly-independent states from former Yugoslavia which are under reconstruction era are suitable markets for Iranian products mainly machinery and petrochemical products.
Trade between Iran and Serbia stood at less than dlrs three billion. Preparations are underway to enhance level of trade ties.
Director General for European and American countries at Trade Development Organization Aneh Doroudi said Iran through proper planning can find footsteps in Serbian market to capture other markets in the Eastern Europe.
Serbia's exports and imports are about 12 to 22 billion, so it could be a good market for Iranian products, he said.
Iran should send an economic delegation to Serbia to assess the market, he said.
According to Central Bank of Iran (CBI), former Yugoslavia is owes about dlrs 28 million to Iran.