FIPA Activities

FIPA at the presentation of BiH's foreign trade exchange with the world for 2023

2/16/2024

Acting Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA) Marko Kubatlija attended the presentation of BiH's foreign trade exchange with the world for 2023, organized by the Foreign Trade Chamber of Bosnia and Herzegovina.

On this occasion, the attendees were addressed by the President of the Foreign Trade Chamber of Bosnia and Herzegovina PhD Vjekoslav Vuković and the Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina Staša Košarac

As part of the presentation, within the panel on the topic "Improving the business environment with the aim to increase exports in 2024", Mr Kubatlija presented the inflow of foreign investments in Bosnia and Herzegovina in the last few years, the most important investor countries, the position of Bosnia and Herzegovina in relation to the region in light of the nearshoring effect, and FIPA's plans regarding the promotion of BiH potential and key markets for attracting investors in the coming period.

He also pointed out that there is a big race for developing countries to attract foreign investors, that all of them highlight and offer certain advantages that should make these countries more interesting than others, that in this race we in Bosnia and Herzegovina also try to highlight the advantages which would make us more interesting than others, and that we must offer something that others do not have and point out why an investor should come to BiH and not to one other country.

The event brought together a large number of representatives of institutions in Bosnia and Herzegovina, businesspeople and representatives of embassies and business representative offices in our country.

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“.

 

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