FIPA Activities

Meeting with Chinese investors

1/27/2022

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The FIPA representatives had a meeting with representatives of PowerChina International Group Limited. The meeting was organized with the aim to present the company PowerChina, which is one of the largest Chinese companies, as well as to present the role of the Agency and to establish the joint cooperation.

Representatives of the Chinese company expressed interest in projects in the field of construction sector, infrastructure, energy: solar, wind and hydro energy.

Representatives of the Agency presented FIPA activities, tax and customs system (advantages) and projects in these areas, and expressed readiness to help them further connect with the entity representatives in charge of railways and highways, and projects holders from other sectors were also discussed.

Further cooperation has been agreed so that the representatives of this company will select other projects that interest them, and FIPA will provide them with more detailed information on interested projects, and will connect them with the representatives of project proposers.

In the previous period, FIPA had a meeting with the representative office of this company in Sarajevo, which is realizing investments worth millions in wind energy, respectively in the Ivovik project.

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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