Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Serbia Eyes Weapons Sales to Pakistan, Possible Free-Trade Deal

Don't Miss Out —
Follow us on:

Oct. 15 (Bloomberg) -- Serbia and Pakistan are considering defense cooperation, including possible export of ammunition, armored vehicles and assault rifles to the Asian country.

Serbia has been trying since 2009 to arrange such sales and an agreement may be reached after a visit by Pakistani Defense Minister Syed Naveed Qamar to several defense producers in the Balkan country, Serbia’s Defense Minister Aleksandar Vucic told reporters in Belgrade today after meeting with Qamar.

The Balkan country, which is going through its second recession in three years, is looking for new markets for its arms industry. Serbia’s arms exports fell by at least a fifth last year to less than $200 million as sales to Libya stopped after the uprising that ousted longtime leader Muammar Qaddafi.

Serbia has eight state-owned military plants including rifle maker Zastava Oruzje AD and aircraft producer Utva, which sell mostly to countries in Africa, Asia, Europe and also to the U.S.

Qamar said Pakistan may also consider a free trade agreement with Serbia.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.