During his visit to Serbia, Belarus President Alexander Lukashenko met with Serbia's Prime Minister Mirko Cvetkovic, discussing trade and economic cooperation and considering a bilateral agreement on free trade that would include setting up joint ventures for assembling Belarusian tractors, buses, automobiles and other machinery.
The two countries will also establish a business cooperation council, which will be further discussed when Serbia's Deputy PM Mladjan Dinkic visits Minsk later this month, heading a large business delegation.
In 2008, the trade between the two countries reached nearly 65 million USD, or 20.3% more than in 2007. The Belarus had an 18 million USD surplus in the exchange, as its exports totaled 41.4 million USD, mainly fertilizers, cotton cloth, linen, artificial thread, synthetic fibers, steel wire cord, tractors, bearings and washing machines. Serbia's main exports to Belarus are raw materials.