News in English     | 23.01.2018. 12:38 |

BiH could soon become a full member of WTO

FENA Press release

SARAJEVO, January 23 (FENA) - Bosnia and Herzegovina will soon become a full member of the World Trade Organization (WTO), it was concluded after the meeting of the Minister of Foreign Trade and Economic Relations of BiH Mirko Šarović with the WTO delegation led by the Ambassador of the Bulgarian Mission to the WTO in Geneva and Chairman of the WTO Working Group for BiH Atanas Paparizov.

This could be a historic moment for BiH, assessed the Ministry of Foreign Trade and Economic Relations of BiH, after removing the key obstacles, the final steps for joining the WTO are in the final stage, and the final negotiations with Brazil, Ukraine and Russia will follow in the coming month.

“We have already given the final offers to Ukraine and Brazil and we see no more obstacles. When it comes to Russia, very soon we will forward the prepared Decision on the quality of liquid petroleum fuels into the procedure, and inform them about the detail, which should be quite enough,” Šarović pointed out.

The WTO delegation assessed that BiH has recently made great progress in negotiations and the fulfillment of conditions for WTO membership r, the Ministry of Foreign Trade and Economic Relations of BiH said today.

“Minister Šarović’s commitment to this process has led to the fact that now we can talk about BiH's entry into the World Trade Organization as something imminent and BiH will have our full support,” said Ambassador Paparizov.

The Working Group meetings in Geneva will be held in February and May. Paparizov expressed optimism that the final decision on full membership of BiH in the WTO will be made at the end of July.

(FENA) S. R.

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