FIPA Activities

MEETING OF THE FIPA DIRECTOR WITH THE REPRESENTATIVES OF THE EU PROJECT „EUTPP 2“

3/5/2012

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The FIPA Director, Jelica Grujic, had a meeting on 5th March 2012 at the FIPA residence in Sarajevo representatives of the technical support project of the European Commission “Support to Trade Policy and Capacity Building in Bosnia and Herzegovina Phase II “EUTPP 2”, Ulrich Schroeder, dr. Peter Futo, i Emir Skopljak.

The FIPA Director, Jelica Grujic, had a meeting on 5th March 2012 at the FIPA residence in Sarajevo representatives of the technical support project of the European Commission “Support to Trade Policy and Capacity Building in Bosnia and Herzegovina Phase II “EUTPP 2”, Ulrich Schroeder, dr. Peter Futo, i Emir Skopljak.

On this occasion, it was discussed on the mentioned project, free zones in B&H, legal framework governing free zones and their compliance with the EU legislation, including benefits that investors can get if they use free zones for their business.

Some of the benefits that investors get by investing in a free zone in B&H are: users of the free zones don’t pay VAT and import duties, investment in free zones, transfer of profits and transfer of investments are free of charge; import in free zone is free of customs and tariffs, import of equipment which is to be used for manufacturing within the free zone is free of payment of customs and other duties.
There are four free zones operating currently in B&H: Visoko, Vogosca, Hercegovina I Holc.

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“.

 

FIPA Activities

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