prijava
SARAJEVO / ISTANBUL, April 2 (FENA) - Director of the BiH Foreign Investment Promotion Agency (FIPA) Milica Marković met with Consul General of Bosnia and Herzegovina in Istanbul Siniša Mihailović to discuss possibilities for continued cooperation in promoting BiH investment potential for Turkish entrepreneurs.
FIPA signed a Memorandum of Cooperation with the Investment Office of the Presidency of the Republic of Turkey in Ankara on March 16 this year, to support the development of investment cooperation between the two countries, creating favorable conditions for improving economic cooperation and establishing direct contacts between business circles in BiH and Turkey, the Agency said.
According to the official data of the Central Bank of BiH, as of December 2019, investments from the Republic of Turkey amounted to 405 million KM and Turkey is on the eleventh place on the list of countries of the most important foreign investors in BiH.
“The interlocutors agree that there is significant room for improving the inflow of foreign direct investment from Turkey, respecting good relations between BiH and Turkey on all grounds, and the benefits that BiH offers such as lower taxes, free trade agreements, lower electricity prices and other operating costs,” announced FIPA.
As it is further stated, director Marković talked with Director of the Representation of FTC BiH in Istanbul Tarik Šahman about their project which refers to the promotion of IT and tourism sector in the Republic of Turkey.
In 2020, the annual growth of exports from BiH to Turkey was registered again, and imports from Turkey to BiH were lower by seven percent compared to 2019, the statement said.
(FENA) A. B.
