-A State Department official from Washington visited FIPA
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The Director of the Foreign
Investment Promotion Agency of BiH (FIPA), Gordan Milinić, received the
visiting Regional Economic Officer from the Department of State, Justin Heung,
and briefed him on BiH foreign direct investment trends and FIPA's activities.
Mr. Milinić informed Mr. Heung
about FIPA’s efforts to attract foreign investments, the current state of
foreign investments, U.S. investments and trade with BiH, BiH’s advantages
compared to others in the region, and sectors of interest to foreign investors,
pointing out that in 2017 BiH recorded a 66.8% increase in foreign
investments.
FIPA shared information about the
investment projects it has supported in various sectors, how it helps foreign
investors in remove obstacles to project implementation, and FIPA’s efforts to
implement an "Invest in BiH" media campaign to improve BiH’s image
abroad and promote the country’s potential.
According to the BiH Central
Bank, levels of U.S. investment in BiH are low, at number 17 in terms of
overall FDI. The parties agreed that the
BiH government at all levels, including BiH embassies abroad, should increase
their efforts to improve the business environment and promote BiH as an
investment destination.