Assistant Minister for Material Resources at the Serbian Ministry of Defense Nenad Miloradovic said the total value of licenses for the export of Serbian arms and military equipment will exceed 1.6 billion US dollars this year.

Miloradovic told the daily Politika that this is an increase of 25 percent compared to 2022, when the value of issued licenses amounted to 1.3 billion US dollars.

Commenting on the Partner 2023 Defense Exhibition, due to start on Monday, September 25, at the Belgrade Fair, Miloradovic said there will be 154 exhibitors and that over 30 foreign military delegations have announced their attendance.

Miloradovic said that 26 new “capital combat systems” made in Serbia will be presented at the exhibition, along with a few novelties manufactured in cooperation with foreign partners.