Current bilateral political relations between Serbia and Sweden are good and are characterised by a positive trend in the development of political dialogue, with a strong interest in their further improvement. Especially in the period 2015–2019, bilateral relations were marked by a dynamic political dialogue and an exchange of visits by officials of the two countries.
The then Prime Minister of the Republic of Serbia, Aleksandar Vučić, visited Stockholm on 1–2 February 2015, while the former Speaker of the National Assembly of the Republic of Serbia, Maja Gojković, visited Sweden on 20–21 March 2018. On the Swedish side, visits to Serbia in the mentioned period were made by Prime Minister Stefan Löfven on 15–16 August 2016, the former President of the Riksdag, Urban Ahlin, on 25–26 April 2017, as well as the then Minister of Foreign Affairs, Margot Wallström, on 10 October 2017.
Serbian-Swedish relations were established in 1882, when, at the request of Serbian King Milan Obrenović, the then United Kingdoms of Sweden and Norway passed the Act on the Recognition of the Kingdom of Serbia.
Sweden has been Serbia's long-term and most important economic partner among the Scandinavian countries, and a trade surplus has been achieved with this country. Trade cooperation, however, strives to meet real needs and opportunities. In the period January–November 2020, trade amounted to 354.33 million euros (exports 199.5 million euros, and imports 154.84 million euros). In 2019, the total exchange amounted to 360.6 million euros (exports 193.6 million euros and imports 167 million euros).
In the last few years, investments from Sweden have been mainly placed in sales and distribution business and the service sector in Serbia, in which about 70 companies with Swedish capital today operate successfully. The most prominent among them are the investments of the companies such as Volvo, Scania, H&M, Verisek, LaFantana, Dakomet, and Tetrapak. In August 2017, the first IKEA department store was ceremoniously opened in Belgrade (it plans to invest 300 million euros in the construction of 5 department stores in the Republic of Serbia). Development aid of the Kingdom of Sweden: Development aid is financed through the programme of the Swedish International Development Cooperation Agency (SIDA allocates around 12 million euros in grants to the Republic of Serbia annually). The total amount of grants received from Sweden have reached about 270 million euros so far.
The Serbian-Swedish Business Council (with about 40 companies) has been established in Sweden with the aim of promoting the potential of the Serbian economy.
Currently, there are 29 bilateral agreements in force. In terms of importance, the following stand out:
Agreement between the Government of the Socialist Federal Republic of Yugoslavia and the Government of the Kingdom of Sweden on Mutual Protection of Investments,
Special Agreement between the Swedish International Development Cooperation Agency and the Ministry of Foreign Economic Relations of the Republic of Serbia,
Agreement between the Government of the Republic of Serbia and the Government of the Kingdom of Sweden on Cooperation in the Field of Law Enforcement, and
Donation agreements concluded between the Government of Sweden and the Council of Ministers of Serbia and Montenegro (set of four agreements).
The Embassy of the Republic of Serbia in Stockholm (Sweden): http://stockholm.mfa.gov.rs/index.php.
The Embassy of the Kingdom of Sweden in Belgrade (Serbia): https://www.swedenabroad.se/en/embassies/serbia-belgrade/.
The Ministry of Foreign Affairs of the Republic of Serbia – Department for Europe: tel. 00 381 (0) 11 30 68 326, e-mail: email@example.com.