FIPA Activities

Visit of the Ambassador of Malaysia to FIPA

4/27/2018

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-Low inflow of foreign investments from Malaysia

The Ambassador of Malaysia to BiH HE Zakri Jaafar and his associates visited the Foreign Investment Promotion Agency of BiH (FIPA) in order to have information about the opportunities for investing in BiH and sectors that could be of interest to Malaysian investors, as well as opportunities that would boost economic cooperation between the two countries to a higher level.

The inflow of Malaysian investments in BiH is low, and only a few Malaysian companies operate in BiH.

The Director Gordan Milinić introduced the Ambassador with the responsibilities and mission of the Agency, coordination of the work of the competent institutions in the field of attracting foreign investments, 350 available projects and 300 locations for investing.

He also presented the growth of investments in 2017 amounting to 758 million BAM, as well as projects that could contribute to a significant increase in investments in 2018, such as the TPP Kamengrad Project for which the Memorandum of Understanding was signed, as well as on-going contacts with potential investors.

A presentation on the possibilities and conditions of investments in BiH was held and on  economic sectors of BiH for which FIPA is looking for investors. The Embassy will inform the Chambers of Commerce and Business Associations in Malaysia about the possibilities of investing in BiH.

The media campaign "Invest in BIH" of the FIPA was presented with the aim to inform the foreign business community about the possibilities for investing for whose implementation FIPA required financial support from the Council of Ministers of BiH.

It was agreed that the Embassy of Malaysia, if it is in a position to meet with journalists from Malaysia, to direct them towards  FIPA for presentation of BiH.

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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