Ministry of Foreign Affairs Foreign Policy Bilateral Issues Bilateral Issues

Bilateral Issues with Foreign Countries

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Official name: REPUBLIC OF INDIA
Governmental system: Federal Republic
Head of State: Ram Nat Kovind
Prime Minister: Narendra Modi
Minister of Foreign Affairs: Sushma Swaraj
Date of establishing diplomatic relations: 1948

Political relations:

The two countries' relations are marked by traditional friendship, dating back to the Non-Aligned Movement. There are no outstanding issues (diplomatic relations were established in 1948).

The then Prime Minister of Serbia Aleksandar Vucic visited India between 9 and 12 January 2017, in order to participate in the Vibrant Gujarat Summit, which was the first time after three decades that an official at the said level had visited India. A delegation from the Ministry of Foreign Affairs of the Republic of Serbia, led by the MFA's Secretary-General Veljko Odalovic, visited New Delhi between 21 and 22 February 2017, with the aim of putting into practice Annex B to the Agreement on Succession Issues. Political Director at the Ministry of Foreign Affairs Zoran Vujic met senior officials from India's Ministry of External Affairs in New Delhi, on 9 November 2017.

Minister of State tasked with development of India's North Eastern Region in the Prime Minister's Office Dr. Jitendra Singh met Serbia's senior officials in Belgrade, between 12 and 16 October 2016.

The two countries' high officials also had meetings at the margins of international gatherings – former President Tomislav Nikolic met the then President Pranab Mukherjee in Moscow, at the 2015 Victory Day Parade (8 May), which was the first top-level meeting after 25 years. First Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Serbia Ivica Dacic met India's Minister of State for External Affairs M. J. Akbar on the fringes of the 71st session of the UN General Assembly (22 September 2016) and the Bled Strategic Forum (5 September 2017).

Economic relations:

Economic cooperation between Serbia and India mostly reflect their mutual trade. With the exception of 2014, the trade between the two countries has been on the constant rise, with a marked foreign-trade deficit on the Serbian side.

In the first nine month of 2017, their trade amounted to USD 138.2 million (Serbian exports USD 6.9 million, Serbian imports USD 132.2 million).

In 2016, the volume of trade amounted to USD 142.7 million (Serbian exports USD 9.4 million, imports USD 133.3 million).

The largest investment from India (EUR 20 million) was made by Embassy Group from Bangalore. The Embassy Group invested in an IT park in Indjija.

Largest prospects for cooperation exist in the IT sector, in automotive and tractor industry, in agricultural and food sectors, in the fields of pharmaceuticals and defence industry. Serbia is interested in attracting India's film industry to Serbia. Both sides have set the goal of their trade volume reaching USD 1 billion over the next five years.

Bilateral agreements

Bilateral relations

Diplomatic relations were established in 1948. The relations existing between Serbia and India are marked by traditional friendship, based on the Non-Aligned Movement, and followed by uninterrupted, very good political relations. There is mutual interest for enhancement and intensification of the political dialogue and development of overall cooperation, economic in particular. The Republic of Serbia appreciates India's principled position concerning non-recognition of the unilaterally declared independence of Kosovo. India was one of the first countries to provide emergency financial aid to Serbia amounting to USD 100,000 for mitigating consequences of devastating floods.

Both sides underlined the necessity of intensifying political dialogue and promoting economic cooperation. Serbia is interested in reinforcing and expanding its economic cooperation with India, which is supported by an appropriate legal framework. A delegation representing the Chamber of Commerce and Industry of Serbia, led by its then President Zeljko Sertic, visited India between 24 and 30 January 2014 in the context of promoting Serbia as an investment destination. The second session of the Joint Committee for Economic Cooperation was held on 19 September 2014 via teleconference. India's companies are showing interest for investing in Serbia (IMT, Galenika, NIS – Petrohemija Pancevo). The first large investment from India to Serbia was made in an IT park in Indjija (investment launched in April 2012). India's companies are expected to boost their investments in Serbia. The second stage of building an IT park in Indjija is about to begin (investor – Embassy Group).

H.E. Vladimir Maric, the new Ambassador Extraordinary and Plenipotentiary of the Republic of Serbia in India, presented his Letters of Credence to the President of India on 9 December 2014. The Embassy also covers Bangladesh, Sri Lanka, Nepal, Bhutan, the Maldives and Afghanistan on a non-resident basis.