- It is necessary to intensify the promotion of BiH potential in the Maghreb area
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The BiH Foreign Investment Promotion Agency
(FIPA) Representatives Dika Mustafić-Cokoja, Jovana Anđić and Nina Pobrić had a
meeting with the newly appointed BiH Ambassador to Libya Senad Mašović and the
non-resident ambassador for Tunisia.
During the meeting, they discussed the
competences and activities of FIPA, the advantages of the BiH business
environment for foreign investors, as well as attractive sectors for Libyan investors
such as the steel and metal industry, construction and engineering, food, wood
industry and tourism.
They discussed the initiated procedure for
signing the Memorandum on cooperation between FIPA and the partner Libyan
agency, and the agreed organization of a business forum with the aim to present
investment potentials and improve trade cooperation between BiH and Libya.
More than 30 local companies were operating in
Libya, while only ten are currently active. The stabilization of conditions in
Libya will certainly contribute to the conclusion of new business deals.
Companies from BiH are increasingly showing
interest in the market of the Maghreb countries, and FIPA proposed to the
competent institutions to consider possibilities for signing a free or preferential
trade agreement.