Official name
PRINCIPALITY OF MONACO
Form of government
Constitutional monarchy
Capital
Monaco
Head of State
Le Prince Albert II de Monaco
Prime Minister
Pierre Dartout
Minister of Foreign Affairs
Laurent Anselmi
Date of establishment of bilateral relations
2007

Political relations

Bilateral relations between the Republic of Serbia and the Principality of Monaco are good and progress is being made. At the invitation of the President of the Republic of Serbia, Aleksandar Vučić, Prince Albert II of Monaco paid an official visit to Serbia on 7 and 8 October 2020. This was the first official visit of Prince Albert II to Serbia since diplomatic relations between the two countries were established in 2007.President Vučić awarded Prince Albert II the Order of the Republic of Serbia on the ribbon for his exceptional merits in developing and strengthening peaceful cooperation and friendly relations between the Republic of Serbia and the Principality of Monaco. The Prime Minister of the Republic of Serbia, Ana Brnabić, and Prince Albert II of Monaco met on the side-lines of the 50th session of the World Economic Forum in Davos, held from 20 to 24 January 2020.

The two countries are connected by membership in the International Organization of Francophonie, in which Monaco has the status of a full member, and Serbia an associate member.

 

Economic relations

Economic cooperation between the Republic of Serbia and the Principality of Monaco is based on a modest exchange of goods, although it has almost tripled in the last five years. In 2020, the total trade amounted to 178 thousand euros, of which exports amounted to 94 thousand euros and imports to 84 thousand euros. In 2019, the value of total trade with Monaco amounted to 413 thousand euros, which is an increase of 80.3% compared to 2018.Exports amounted to 168 thousand (increased by 118.8%), and imports to 245 thousand euros (increased by 61%).

 

Bilateral agreements

Two agreements have been signed between the Republic of Serbia and the Principality of Monaco:

Visa Waiver Agreement between the Socialist Federal Republic of Yugoslavia and the Principality of Monaco, and the Agreement on Cooperation between the Chamber of Commerce of Serbia and the Chamber of Commerce of Monaco.

 

Contact information

Embassy of the Republic of Serbia in Paris (France):http://paris.mfa.gov.rs/lat/

Embassy of the Republic of France in Belgrade:http://rs.ambafrance.org.

Ministry of Foreign Affairs of the Republic of Serbia: Department ofEurope (DE); tel. 00 381 (0)113068326; e-mail: oev@mfa.rs.