The Foreign Investment Promotion Agency of BiH (FIPA) led for the first time in Bosnia and Herzegovina the representatives of Economy of Mexico and the Ambassador of Mexico and organized on this occasion a business meeting on the topic "Opportunities for Business between Mexico and Bosnia and Herzegovina" on 31 March 2017 in Sarajevo.
In this way FIPA tries to contribute to the promotion
of Bosnia and Herzegovina in this part of the world, initiates first contacts
and the exchange of information and then organizing visits of business
delegations of both countries in order to concretize agreements on cooperation.
This is the first step towards informing about the possibilities of both
countries, considering that possibilities of the economy and the markets were so
far unknown.
Given that the current economic cooperation is at a
low level, the organization of this meeting contributes to the affirmation and
internationalization of investment opportunities of Bosnia and Herzegovina, as
well as exports from the country.
Representatives of the FIPA and the Foreign Trade
Chamber used this opportunity to inform guests with opportunities to invest in
Bosnia and Herzegovina with a focus on sectors of the automotive industry,
metal sector, agriculture, energy and IT, and exports from Bosnia and Herzegovina
and the current foreign trade exchange between BiH and Mexico.
The Ambassador of Mexico in Serbia and Bosnia and
Herzegovina (it is soon expected the handover of accreditation) HE Marko
Antonio Garcia Blanco presented basic information about Mexico, pointing out
that this country is the 14th economy in the world, with nearly 2
million km2, and 129 million people; 12th economy in the world by
purchasing power, and 15th per GDP. From 2014 to 2016, it had an
inflow of foreign investment of 92.7 billion USD.
In Bosnia and Herzegovina they are exploring opportunities
to find local partners for the production of car parts.
On this occasion, Foreign Trade Chamber and Committee of
Entrepreneurs of Mexico COMCE signed
a Memorandum on Cooperation
It was agreed that FIPA and ProMexico (Agency for Foreign
Investments of Mexico) also sign a MoU after implementation of established
procedures.
The meeting was attended by representatives of FIPA,
the Ministry of Foreign Affairs of BiH, Foreign Trade Chamber of BiH, Government
of FBiH, Chamber of Commerce of FBiH, Chamber of Commerce of RS,
representatives of the Agency for Foreign Investments of Mexico ProMexico, and
representatives of the Committee of Entrepreneurs Mexico and BiH COMCE.