Details added (firs version posted on 14:16)
Serbia offers Azerbaijan a visa-free regime.
The initiative was made by Serbia's Foreign Minister Ivica Dacic on June 1 at the talks in Baku with Azerbaijani Foreign Minister Elmar Mammadyarov.
Azerbaijan's FM Elmar Mammadyarov said for his part that Baku supports the Serbian side's offer and the issue will be considered.
Given that a direct flight will be opened between Baku and Belgrade by late 2015, the abolition of visas will make it possible to increase tourist flows between the two countries.
During the Serbian Prime Minister Aleksandar Vucic's recent visit to Baku, progress was made in the issue of participation of Azerbaijani companies in the privatization of Serbian companies, in particular of the petrochemical complex enterprises and the agro-industrial complexes.
Azerbaijani companies are interested in new investments in infrastructure construction in Serbia.
Currently, Serbia and Azerbaijan closely cooperate in the implementation of projects in the infrastructure facilities construction. The largest of them is the construction of a motorway in Serbia. The Azerbaijani company AzVirt is the general contractor in that project.
The potential Azerbaijani investors were also invited to take part in the projects for creation of free economic zones in the Serbian towns of Cacak and Kraljevo.
Serbia is also considering the possibility of purchasing Azerbaijan's gas as part of plans to diversify gas supplies to the country.
Until today, the two countries have signed over 25 documents.
According to Azerbaijan's State Statistics Committee, the trade between the two countries in 2014 stood at $3,836,530, and in January-April 2015 at $2,084,560 [fully accounted for the imports of Serbian goods].
Serbia exports agricultural products, equipment and pumps for the oil and gas industry, as well as furniture and building materials to Azerbaijan.
Since 2006, after the dissolution of the State Union of Serbia and Montenegro, the two countries, i.e. Serbia and Montenegro became separate full-fledged states.
On March 1, 2012, Serbia officially acquired the status of candidate for membership in the European Union.
Edited by SI
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