Ukraine, Bosnia and Herzegovina determine promising areas of economic cooperation

Ukraine, Bosnia and Herzegovina determine promising areas of economic cooperation

Minister for the Temporary Occupied Territories and Internally Displaced Persons of Ukraine Vadym Chernysh as a co-chairman of the Intergovernmental Commission on Trade and Economic Cooperation is currently visiting Bosnia and Herzegovina.

The purpose of the visit is to hold a meeting of co-chairmen of the Joint Committee between Bosnia and Herzegovina and Ukraine with the participation of Deputy Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina, H.E.  Mr. Mato Franjičević, the Government portal reported.

During the meeting, the parties identified the priority directions of bilateral cooperation, in particular in the area of trade, energy, agriculture, and also finalized the agreement on cooperation in the field of tourism.

Recalling the conclusions  of  the  second  meeting  of  the  Joint  Committee  held  in Sarajevo on October 12, 2012 , the sides agreed  that further action should continue on the basis of results  achieved  ever  since,  reconsidered  and  reprioritized  in order to  achieve  a progress of bilateral cooperation.

During the meeting of the Joint Comittee, Vadym Chernysh spoke about the intentions and positive dynamics of the results of trade and economic cooperation between Ukraine and Bosnia and Herzegovina.

"Bilateral trade volumes increase steadily. For example, for only seven months of 2018, the turnover  indicators have already exceeded the figures of 2017, and for some types of goods there is increase by 2 to 10 times. We hope that the private business of both countries will be able to explore prospects for further development of trade and economic relations of our states," the Ukrainian minister stressed.

The Ukrainian side also emphasized that Ukraine supported the aspiration of Bosnia and Herzegovina to become a member of the World Trade Organization.

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