Acting Director of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA), Marko Kubatlija, received the newly appointed Ambassador of the Republic of Latvia for Bosnia and Herzegovina, based in Prague, H.E. Elite Kuzma.
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At the meeting,
they discussed the possibilities for improving economic cooperation between the
two countries, given that cooperation in the field of trade and investment so
far is at a low level, as well as the expected opening of accession
negotiations with the European Union, which are expected in March.
The Ambassador
spoke about the path of economic development of Latvia from gaining
independence to joining the European Union, and its achievements in economic
and technological development in many economic branches so far.
She pointed out
that Latvia's economy is diverse, that the GDP of the country rests on highly
developed economic branches such as: ICT industry, biotechnology,
pharmaceutical industry, logistics and transport sector, automotive industry,
emphasizing the very rich industrial heritage of the country.
She was
interested in the EU perspective of Bosnia and Herzegovina, the potential that
our country possesses in the context of attracting investments, and
expectations from the opening of negotiations with the European Union.
Mr. Kubatlija
informed the Ambassador about the activities of FIPA, the sectors that Bosnia
and Herzegovina offers to foreign investors as interesting for foreign
investments, pointing out that the friendly relations between the two countries
can contribute to the deepening of economic cooperation, which FIPA will focus
on in the following period within of their competences.