Through this document, the institutions of Bosnia and Herzegovina and Libya confirm their joint commitment to enhancing institutional cooperation, exchanging information on investment opportunities, and providing support to business communities and potential investors, with the aim to strengthen economic and investment cooperation between the two countries.

The Memorandum also includes the exchange of information and analyses on the investment climate, projects, and market opportunities, as well as the organization of joint investment and business conferences as platforms for direct communication between investors and for facilitating contacts and cooperation between business entities from Bosnia and Herzegovina and Libya.

FIPA Director Marko Kubatlija emphasized that the signing of the Memorandum represents an important step toward strengthening bilateral economic cooperation and positioning Bosnia and Herzegovina as an attractive destination for foreign investors. He also highlighted the Agency’s readiness to develop cooperation through concrete projects and activities that contribute to creating a favorable investment environment.

The Libyan delegation expressed interest in the active involvement of business representatives in joint projects and in supporting investments in key sectors. This document establishes a solid institutional foundation for long-term investment and economic ties between Bosnia and Herzegovina and Libya.

The meeting was also attended by Akram Khaled, Consul of the Embassy of Libya in Bosnia and Herzegovina, who spoke about the traditionally good and friendly relations between Bosnia and Herzegovina and Libya, their past cooperation, the assistance Libya has provided to Bosnia and Herzegovina, and other related topics.

The interlocutors assessed that such meetings represent a good basis for the further development of bilateral economic relations and expressed their readiness to continue communication and to further concretize cooperation through future joint activities.