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Fiat eyes Russian market via Serbia
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Fiat eyes Russian market via Serbia
Italian car maker Fiat plans to manufacture its cars in Serbia for the export sale to the Russian market.
The Italian car makers FIAT insisted they would sell "95 percent of cars produced there in the EU market", while the rest would be offered to Serbian buyers, "have now changed their mind".
Serbia has a valid free trade agreement with the Russian Federation, allowing it to place most of the goods produced here to the Russian market custom duty free, that is, with one percent costs, prompting Fiat to deduce that its planned production in Kragujevac could make the company very competitive in Russia.
However, vehicles 1600 cc and below are not on the Serbo-Russian trade agreement list of customs exempt products.
Serbia has a valid free trade agreement with the Russian Federation...[which] could make the company very competitive in Russia.
In the meantime, Serbian government officials and Fiat representatives have signed a contract on joint investment in Zastava (the Serbia car producer) on the 29th of September in Belgrade.