Serbia and Russia could agree on quota on Fiat exports

Article by Christian A., on October 19, 2014

Serbia could agree with Russia to place a quota on locally made Fiat cars exported to its neighbor, according to Serbian Prime Minister Aleksandar Vucic. Since a free trade pact between the two countries exclude autos, Serbia exports to Russia carry high customs duties.

Serbia’s request to include autos in the free trade agreement to locally made cars more competitive in Russia has so far fallen on deaf ears. Vucic announced the good news during a recent visit by Russian President Vladimir Putin to Belgrade.

“We will have a certain possibility to export a quota of Fiat (cars)." Fiat currently operates manufacturing site in Kragujevac, Serbia, which commenced producing Fiat 500L in July 2012 for export to the European Union and United States.

At the start of the meeting with Vucic, Putin remarked that taking into account Russia’s good ties with Italy, they could agree over export quotas to his country.

Once autos are included in the free trade agreement, Serbia’s currently struggling economy could receive a huge lift as it is driven largely by Fiat’s exports to other country. Fiat suspended production at its Kragujevac site for several days in September to adjust to weak demand in the Europe. [source: Reuters.com]

Topics: russia, fiat, export

If you liked the article, share on:

Comments

Recommended

Here comes Blue Arrow, a Porsche 911 (991) Turbo S tuned by Edo Competition that is even quicker and faster than the 911 GT2 RS. Moreover, it is definitely the...
by - July 24, 2017
Earlier this year, Ford had already begun deliveries of the Ford GT. However, the company has been experiencing some delays at their facility in Canada. This means that the next...
by - July 24, 2017
BMW has given the 2018 1-Series a facelift, and they have just released a ton of new photos and a couple of videos to show us what it’s got. Nevertheless,...
by - July 24, 2017
When Chevrolet came out with the 2018 Equinox last September, the facelifted model was offered in a diesel option for the first time, plus it weighed much less at 400...
by - July 23, 2017
If you are a huge fan of the hardcore GTS version, you probably know that the closest you could get to that model is the upgraded model of the M4...
by - July 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries