FIPA Activities

FIPA participated at the meeting of the Co-Chairs of the Joint Commission for Trade and Economic Cooperation between Bosnia and Herzegovina and the People's Republic of China

10/3/2018

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The Ministry of Foreign Trade and Economic Relations of BiH organized the 5th meeting of the Joint Committee for Trade and Economic Cooperation of the People's Republic of China and Bosnia and Herzegovina.

The main topics of the discussion were trade and economic cooperation between the two countries, under the 16 + 1 Agreement, the "One Belt, One Time" Initiative, Chinese investments in BiH and major projects in energy and road infrastructure, and significant improvements in tourism.

The FIPA representative Nina Pobrić informed participants at the meeting on realized and announced investments from China, participation in investment forums organized under the 16 + 1 Agreement, and proposals for improving cooperation in this segment.

At the meeting, a Joint Statement was signed in which, among other things, it was concluded that this and other high-level meetings contribute to strengthening friendly relations between Bosnia and Herzegovina and the People's Republic of China and provide additional impetus to their future development.

The delegation of Bosnia and Herzegovina was led by the Deputy Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina Mato Franjičević, and the delegation of the People's Republic of China was headed by the Chinese representative for international trade and Deputy Minister of Trade of the People's Republic of China Fu Ziying.

Testimonials & Success Stories
 

Global Investment Promotion Best Practices 2012 of the World Bank has cited one example of support that FIPA provides to foreign investors who are running business in Bosnia and Herzegovina in order to contribute to increase the flow of foreign capital in the country.

The article said:  

„The Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina was an early convert to the idea of providing facilitation services to agribusiness investors as a way to maximize the positive impact of agriculture on the economy.

In 2007, for example, FIPA assisted a Dutch food processing company establish a US$1.6 million production facility to process unused milk ingredients into value-added products in Sarajevo to sell to markets in Eastern Europe and the Middle East.

As part of its aftercare program, FIPA assisted the company with its expansion plans. Among other things, the agency helped facilitate veterinary permissions, navigate various bureaucratic hurdles and played an important role in securing funding for the company’s expansion. It also helped develop a network of local suppliers and customers. As a result of these efforts, the Dutch investor developed stronger links with the Bosnian economy, thus increasing the positive spillover effects on the local economy.

Currently a new investment to establish a drying facility for milk powder is under way. This will further expand the processing facilities of unused milk ingredients. This additional planned investment is worth approximately US$2.8 million, thus nearly trebling the company’s original investment in the country“.

 

FIPA Activities

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