In March 2021, the Foreign Investment Promotion Agency of BiH (FIPA) signed a Memorandum of Cooperation with the Investment Office of the Presidency of the Republic of Turkey to support the development of investment cooperation between the two countries, create favourable conditions for improving economic cooperation and establish direct contacts between business communities of BiH and Turkey.

Accordingly, the FIPA Director Milica Marković had a meeting in Ankara with Burak Daglioglu, President of the Investment Office, to agree on further activities to promote Bosnia and Herzegovina and to organize a business forum in September this year. The key sectors of investment for which there is a serious interest of Turkish businessmen have been defined, and during the forum the focus will be on certain investment projects from the sectors of metal processing, poultry, ICT, health tourism and real estate.

Mrs Marković also met with the Ambassador of Bosnia and Herzegovina to the Republic of Turkey, Adis Alagić, who is actively working on economic diplomacy and the promotion of Bosnia and Herzegovina’s potentials. The Embassy of BiH will be a partner in the organization of this forum, and will actively work on animating target companies from Turkey and presenting FIPA investment projects.

She also met with representatives of the Ankara Development Agency. Cooperation has been agreed on the promotion of investment potentials of BiH and the organization of project presentations for target sectors and companies.

It was stated that Turkey, as a country, ranks at 11^th position in terms of investments in BiH, and that there is interest and the possibility to significantly improve this position.