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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

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Recent Activities

28. February 2019.

FIC Promoted at the Event on Ties with Japan

At the conference held on feb 28 about the trade relations between Japan and EU, FIC Executive Director Ana Tozzi outlined that FIC supports the implementation of EU business standards in Serbia, no matter when Serbia might enter the EU.

Two key reasons for such FIC stance were cited:  that incorporating EU standards would make it more easy for companies to export and become part of the large supply chains; and that it would make business environment familiar for potential investors, making the decision to invest more easy. She also outlined that the main goal of the EU requirements related to the economy is to create a functional market economy able to sustain the competitive pressure, and this is something we should aim to achieve anyway. Implementation of the EU standards are important for ties with Japan, she said, explaining that incorporation of EU standards make it easier to become part of the supply chains of Japanese firms operating in the EU, and also make Serbia more competitive for Japanese investors. FIC Executive Director presented main FIC recommendations: macroeconomic stability and better regulatory framework, including the harmonization of the legislation with the EU and its implementation. She said that the average yearly implementation rate of the WB recommendations is 35%, and gave brief overview of situation in key areas for FIC, including taxes, labour, digitalization and food sector. The conference was opened by the ambassador of Japan in Serbia, and gathered representatives of state, diplomatic corps, business and academia. Ana Tozzi spoke on the third panel “EU accession and the case of the closed economic cooperation with Japan”. Panel was moderated by the editor of Nova ekonomija magazine Biljana Stepanovic, and other participants included senior adviser in Mitsubishi corporation Andrew Frazer, President of the Japanese Business Alliance in Serbia Goran Pekez, who is also FIC BoD member, and LIBEK Programme Director Mihajlo Gajic.



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