The new memorandum is expected to strengthen institutional cooperation and create new business and investment opportunities between Serbia and Belarus.

MINSK, June 23, 2026 – The Development Agency of Serbia (RAS) and the National Agency of Investment and Privatization of Belarus (NAIP) signed a Memorandum of Understanding during the 13th session of the Serbia–Belarus Intergovernmental Commission on Trade and Economic Cooperation.

The Commission was co-chaired by Nenad Popović, Minister without Portfolio in the Government of the Republic of Serbia responsible for international economic cooperation and the social status of the Church in Serbia and abroad, and Artur Karpovich, Minister of Antimonopoly Regulation and Trade of the Republic of Belarus.

Foto: TANJUG/ Dario Konstantinović

During the session, the participants reviewed the results of bilateral cooperation to date and discussed priorities for the coming period. A day earlier, the Commission's working groups held meetings focused on advancing trade and economic cooperation.

As part of the Commission's work, the parties signed the Session Protocol, the Action Plan for the Development of Trade and Economic Cooperation between Serbia and Belarus for the period 2026–2028, the Memorandum of Understanding between the Development Agency of Serbia and the National Agency of Investment and Privatization of Belarus, as well as a Memorandum of Understanding between the State Committee for Standardization of Belarus and the Institute for Standardization of Serbia.

The Memorandum between RAS and NAIP aims to strengthen institutional cooperation in investment promotion, facilitate the exchange of experience, and connect companies from the two countries in order to create new business and investment opportunities.

Minister Nenad Popović stated that the greatest potential for future cooperation lies in innovation, new technologies, digitalization, robotics, and artificial intelligence. He noted that Serbia and Belarus have outstanding engineers and growing startup ecosystems, creating opportunities for joint expansion into third-country markets, including the United States, Africa, Southeast Asia, and Europe.

He also highlighted the potential to enhance cooperation in agriculture and the food industry, particularly in the dairy sector, as well as in the machinery and electrical engineering industries.

Popović emphasized that logistical challenges and international circumstances in recent years have prevented bilateral economic cooperation from reaching its full potential. However, he expressed confidence that the newly signed agreements and strengthened institutional cooperation would contribute to increased trade and the implementation of joint projects in the period ahead.