Serbia, Kosovo form economic ties, nod to Israel

President Donald Trump announced Friday that Serbia and Kosovo have normalized economic ties as part of U.S.-brokered talks that include Belgrade moving its Israeli embassy to Jerusalem, and Israel and Kosovo agreeing to mutual recognition. ( Sept. 4)

Video Transcript

DONALD TRUMP: This is a truly historic day, a very, very important day, especially in a beautiful part of the world. I'm pleased to announce a truly historic commitment. Serbia and Kosovo have each committed to economic normalization.

After a violent and tragic history and years of failed negotiations, my administration proposed a new way of bridging the divide by focusing on job creation and economic growth. The two countries were able to reach a major breakthrough.

Kosovo and Israel have agreed to normalization of ties and the establishment of diplomatic relations.

Serbia's committed to opening a commercial office in Jerusalem this month and to move its embassy to Jerusalem in July. That's fantastic. That's a big thing. That's a very big statement.

ALEKSANDAR VUCIC: Your commitment to stabilize the region, and to bring peace and stability to the region, is something that we appreciate a lot. It's something with a lot of significance for us. And speaking about economy, of course, speaking about politics, we haven't resolved all our problems. There are still a lot of differences between us. But this is a huge step forward.

AVDULLAH HOTI: This is a great moment for Kosovo and for the region. I think we made a huge step forward toward full normalization of relations that should lead eventually to mutual recognition between the two countries. We are fully committed to work together.