FIPA Activities

The FIPA representative Nina Pobrić took part at a Business Meeting of Turkey and Bosnia and Herzegovina held on 18th July 2014 in Sarajevo.

7/21/2014

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On this occasion, she had a presentation for the representatives of the Sakarya Chamber of Commerce and Industry, on investment opportunities in Bosnia and Herzegovina, with a focus on agriculture and food-processing projects.

Sakarya is one of the most important cities in Turkey with its history, geographical position, industry, agriculture, livestock and advantages in service sector. In terms of improvements and development, in the year 2000 Sakarya earned the metropolis statue and name of "Sakarya Metropolitan Municipality". Business Meeting was organized by the BIGMEV (Center for Development of Relations with B&H).

There are many reasons for investing in B&H, such as stable financial sector, excellent geographical location, favorable trade and other agreements, favorable tax and customs system, availability of skilled, educated, competitively priced and multilingual labor force , low operating costs and abundance of premises and sites, industrial zones, free trade zones etc. B&H has signed Free Trade Agreements (CEFTA) with all SEE countries and Turkey, which allow companies to export their products to the market of app. 100 million consumers without any taxes and customs duties.
The Law on the Policy of Foreign Direct Investment ensures national treatment for foreign investors. According to this Law, foreign investors are also protected against nationalization, expropriation or similar measures.
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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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