The Minister of Internal and Foreign Trade of Serbia, Tomislav Momirović, and the Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina, Staša Košarac, discussed today further steps towards regional integration and strengthening of administrative capacities and increasing the permeability of border crossings between the two countries.
On that occasion, Momirović pointed out that Serbia and Bosnia and Herzegovina are the two main countries within CEFTA, with mutual foreign trade exchange that amounted to 3.2 billion euros last year.
He pointed out that there is no market in the region where Serbia records such good results in exports and with which it achieves a greater volume of trade than Bosnia and Herzegovina.
“Serbia’s exports to Bosnia and Herzegovina reached two billion euros last year. There is no doubt that our economies are absolutely compatible and it is up to us to continue working on the deeper integration of our companies,” said Momirović.
He reported that the meeting also discussed EXPO 2027, when Belgrade will host this prestigious international event, assessing that this is a great opportunity for companies from Serbia and Bosnia and Herzegovina.
“We are expecting a huge influx of tourists and I am sure that this effect will also affect the economy and tourism in BiH”, said Momirović.
According to him, part of the meeting was dedicated to the Free Trade Agreement between Serbia and the Republic of China, as well as those agreements we are currently working on, such as the free trade agreement with the UAE and Egypt.
In this context, Momirović said that there was a discussion about how companies from Bosnia and Herzegovina can take advantage of the better positions in international trade offered primarily by the signed Free Trade Agreement between Serbia and the People’s Republic of China.
The meeting in the Government of Serbia was also attended by representatives of the chambers of commerce of Serbia and Bosnia and Herzegovina, as well as the Agency for the Promotion of Foreign Investments of Bosnia and Herzegovina (FIPA).
