- The Memorandum will deepen cooperation on improving the investment climate in the country
The Director of the Foreign Investment
Promotion Agency of BiH (FIPA) Gordan Milinić and the Minister of Trade of FBiH
Zlatan Vujanović on behalf of the Council for Foreign Investors of the
Federation of BiH signed on 17 November 2017 in Sarajevo a Memorandum of
Cooperation with the aim to improve the joint work on improving the investment
climate in BiH, including solving administrative barriers to expanding
investments, and improving the coordination of work among various bodies
operating in the sphere of attracting foreign investments.
The Memorandum foresees joint activities to
improve the country's investment environment, the regulatory framework for
foreign and domestic investments, and improve the coordination of federal and
cantonal authorities in the process of supporting the implementation of
investment projects, which will ultimately contribute to the competitiveness of
the economy of Bosnia and Herzegovina.
Institutions will identify and analyse
information on barriers that adversely affect the investment climate and will
propose concrete reforms to improve it.
They will implement the Post-Investment Support
Programme for existing foreign investors in the Federation of BiH through
regular visits to foreign companies and getting information about possible
problems in the business on whose solving they will jointly work.
The Memorandum was signed for a period of five
(5) years.
We emphasize the fact that only joint work and
commitment to improve the business climate in the country can result in a
significant inflow of investments, which automatically means more jobs for our
citizens and economic progress of the country.