FIPA Activities
FIPA and GIZ organized training on the prevention and resolution of investment disputes
11/29/2023
The training was held as part of the GIZ regional project "Legal reform for the economic development of the Western Balkans" on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
In the opening address, the Deputy Director of FIPA, Ph.D. Sanja Bazina Crnokić emphasized the importance of the implementation of the Post-Investment Support Program for Foreign Investors in BiH (Aftercare), which was launched in 2007. From then until today, 915 outstending issues of foreign investors related to their business in Bosnia and Herzegovina have been identified, most of which have been resolved to mutual satisfaction.
Since 2013, when the Collaborative Network was launched, FIPA has visited 700 foreign companies in Bosnia and Herzegovina, out of which 213 were visited in cooperation with the Collaborative Network, where a large number of competent institutions are involved in jointly solving problems faced by foreign investors in our country.
Deputy Bazina Crnokić spoke, among other things, about the inflow of foreign investments in BiH in 2022 when 1,440,300,000 BAM were registered, which represents an increase of 27,5% compared to 2021, and the highest growth of investments since 2007. She stated that in the first six months of 2023, 1,041,700,000 BAMof foreign investments were registered in BiH, which represents an increase of 30.4% compared to the same period last year.
As part of the training, whose focus was on the prevention and resolution of investment disputes, the GIZ representatives spoke about international investment law, the scope of investment agreements, standards for the protection of foreign investors, and the existing mechanisms for the prevention of investment disputes.
In the end, it was pointed out that the reform of the legal system is also necessary for the economic development of the country.