FIPA Activities

FIPA is also participating this year at the Macfrut Fair in Italy

5/11/2018

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The Foreign Investment Promotion Agency of BiH (FIPA), together with 40 representatives from 22 companies from BiH, participated at the International Fair of Fruits and Vegetables Macfrut 2018, which was held from 9 to 11 May 2018, in Rimini, Italy.

The representatives of FIPA and the BiH companies have made successful contacts with exhibitors at the fair from Italy, China, Spain, France, Egypt, Colombia and other countries with the aim to present the BiH's opportunities in the agricultural sector, with a focus on fruit and vegetable production, and to establish business contacts in order to find new markets for placement of the fruits and vegetables.

FIPA also presented to foreign business partners opportunities for fruit and vegetable production in Bosnia and Herzegovina, and the benefits of the BH agricultural sector for foreign investors, as well as the services that the Agency offers to foreign investors in BiH.

This year's the 35th International Macfrut Fair 2018, one of the largest agricultural fairs in Italy, was attended by exhibitors from 40 countries of the world.

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“.

 

FIPA Activities

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