- BY joint activities of the USA Embassy and FIPA to increase the presence of USA companies in BiH
The Director of the Foreign Investment
Promotion Agency of BiH (FIPA) Gordan Milinić spoke on June 13, 2018 in the
Agency's headquarters with the USA Ambassador to BiH H.E. Maureen Cormack on
the economic situation in BiH with a focus on inflows of foreign investments,
the trend of growth in investments in 2017, the USA investments in BiH, and the
joint activities that the USA Embassy and FIPA can take with the goal of
greater inflow of investments to BiH.
Mr Milinić informed the Ambassador about the
activities that the Agency implements in the field of attracting foreign
investors, presenting opportunities for investing in Bosnia and Herzegovina,
finding new investors for BiH, and providing support to investors from registration
of an activity until the completion of the project, as well as about the work
of the Collaborative Network for Post-Investment Support to Investors.
Considering the strong engagement of the USA
administration and the support that it has been providing to Bosnia and
Herzegovina for many years, it was also expected a significant presence of
American companies in BiH.
The Ambassador Cormack emphasized the
importance of the further improvement of the business environment in BiH that
would ensure healthy competition in the market and made simpler and more
transparent all business procedures.
It was noted that a stronger engagement of the BiH
competent institutions with the support of American friends and diaspora could
lead to an increase in the number of American companies in BiH, which, in
addition to employment, would contribute to the increase of the living standard
of citizens.
The USA Embassy and FIPA will exchange
information on investment conferences and conferences that are interesting from
the point of view of attracting investment in BiH, and will continue to
cooperate in order to promote the BiH's investment potential.
During 2018, FIPA had meetings with several USA
investors who expressed interest in investing in several locations in BiH,
provided them with logistical support for site visits, and now a final decision
on investment is expected.