FOREIGN INVESTMENTS - PRIORITY TASK FOR ALL INSTITUTIONS
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Representatives of the Foreign Investment
Promotion Agency of BiH (FIPA), the Ministry of Foreign Affairs, the Ministry
of Foreign Trade and Economic Relations and Foreign Trade Chamber of Bosnia and
Herzegovina had on 1 June 2016 a working meeting dedicated to joint work on attracting
foreign investors in BiH.
Taking into account the trend of decrease of
foreign investments in BiH in recent years, participants of the meeting agreed
that attracting foreign investment is a priority task of all BiH institutions.
Enhancing cooperation to improve inflow of foreign investments and improving coordination
between institutions on promotion of Bosnia and Herzegovina as a destination of
interest to foreign investors, as well as common and coordinated presentations to
promote investment potentials of BiH should contribute to increasing foreign
investments, without which it will not be economic progress.
The meeting also focused on the strengthening
of economic diplomacy of the Diplomatic and Consular Missions of Bosnia and
Herzegovina in the world so that experts - economic advisers from the economic
sector are being selected to work on finding foreign investors.
It was concluded to intensify participation in
all investment conferences and forums in the world, and to invest more
resources in the development of promotional materials and to conduct a joint
campaign in foreign media called "Invest in BiH". It will also be
organized so-called "Outreach" campaign in some countries.
It was also stressed the necessity of joint
work of all institutions to create a favourable legal framework for attracting
foreign investors, and to eliminate para-fiscal charges that block economic
activity in the country.