The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić met with the Director-General of Investment Promotion Agency of the People's Republic of China (CIPA) Liu Dianxun and agreed to start the procedure of signing the Agreement on Cooperation between these two agencies, according to which CIPA will promote investment projects of FIPA and will direct Chinese investors to Bosnia and Herzegovina.

In addition to the promotion of foreign investments to China, CIPA is providing support to Chinese investors to invest abroad. Such two-way work of CIPA, as the Agency of the Government of China under the Ministry of Commerce, is in accordance with the economic strategies of China and includes cooperation with Chinese companies, chambers of commerce and relevant ministries and institutions in China.

The signing the Cooperation Agreement will constitute a solid basis for improving economic cooperation and attracting investments from China to Bosnia and Herzegovina. The Agreement will be signed after approval by the Presidency of BiH and the Government of the People's Republic of China.

During meetings with representatives of CIPA, it was highlighted the need to intensify the presentation of BiH's potential, and to define specific actions’ programs in order to attract investments. Bosnia and Herzegovina is very interesting to Chinese businessmen and according to the said Agreement, CIPA and FIPA will enhance cooperation in promoting projects and arranging visits to investment locations in BiH.

Taking into account the economic and trade development of China, forecasting economic growth of 6.5 percent this year and eleven million new jobs, will certainly contribute to increase Chinese investments abroad, including BiH.