The FIPA Director participated in a two-day 1st session of the Joint Commission for Economic Cooperation between the Republic of Serbia and Bosnia and Herzegovina, which was held in Belgrade on 18th and 19th March 2013.
The Joint Commission will work on implementation of the Agreement on Economic Cooperation between the Council of Ministers of B&H and the Government of the Republic of Serbia signed the 2009.
The development of mutual trade and economic relations with the aim to intensify the overall economic cooperation and improving foreign investments was analysed within this meeting.
The possibilities for intensifying cooperation in the domains as trade, investment, agriculture, transport and communications, cross-border cooperation, cooperation in the field of small and medium enterprises, and cooperation at the third markets were also analysed.
It was underlined the importance of the joint activities on the promotion of investment potentials, as on a bilateral basis, but also within the framework of international and regional initiatives.
Serbia is a very important economic partner of B&H and the second major investor in B&H with a participation of 17.4%. The most significant investments of Serbia in the country are related to the telecommunications sector, manufacturing and banking sectors.