The Ambassador of Palestine to BiH H.E. Rezeq Namoora visited the Foreign Investment Promotion Agency of BiH (FIPA) to discuss the possibilities for Palestinian investments in BiH.

Mr. Milinić informed the Ambassador Namoora about the responsibilities of the Agency as the main address for foreign investments in BiH, activities in the field of attracting and promotion of investment opportunities in BiH, support provided by FIPA to foreign investors in the implementation of projects and removal of administrative obstacles in BiH with the aim to have investments successfully completed.

He pointed out that all foreign investors are welcome in BiH and that FIPA is at the disposal of Palestinian investors who want to invest in BiH.

The Ambassador was also informed about the status of foreign investors in BiH, possibilities for investing in key sectors of the BiH economy, and existing free trade agreements and preferential arrangements, which represents great opportunities for export oriented companies operating in BiH.

Mr. Namoora reported that several prominent Palestinian investors living in the United States and successful businessmen want to visit BiH to discuss the possibility for investing in the pharmaceutical industry in BiH in late February 2018.

He also pointed out that a Palestinian delegation of businessmen visited BiH three months ago and that at that occasion it was expressed interest in opening a Palestinian bank in BH worth between 20 and 30 million US $ was discussed. Talks on this topic will certainly continue. Interest is also expressed on the wood and food industry, water and juice factories and medicines production, stating that there are a large number of Palestinian investors who live and work successfully in Europe, America, Latin America and the Middle East countries.

A delegation of Palestinian investors will visit FIPA at the end of February 2018 to discuss investment opportunities in the mentioned sectors in BiH.