FIPA: MEMORANDUM ON COOPERATION WITH THE COUNCIL FOR FOREIGN INVESTORS OF THE FEDERATION OF BIH WAS SIGNED

- The Memorandum will deepen cooperation on improving the investment climate in the country  The Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić and the Minister of Trade of FBiH Zlatan Vujanović on behalf of the Council for Foreign Investors of the Federation of BiH signed on 17 November 2017 in Sarajevo a Memorandum of Cooperation with the aim to improve the joint work on improving the investment climate in BiH, including solving administrative barriers to expanding investments, and improving the coordination of work among various bodies operating in the sphere of attracting foreign investments.

The Memorandum foresees joint activities to improve the country's investment environment, the regulatory framework for foreign and domestic investments, and improve the coordination of federal and cantonal authorities in the process of supporting the implementation of investment projects, which will ultimately contribute to the competitiveness of the economy of Bosnia and Herzegovina.

Institutions will identify and analyse information on barriers that adversely affect the investment climate and will propose concrete reforms to improve it.

They will implement the Post-Investment Support Programme for existing foreign investors in the Federation of BiH through regular visits to foreign companies and getting information about possible problems in the business on whose solving they will jointly work.

The Memorandum was signed for a period of five (5) years.

We emphasize the fact that only joint work and commitment to improve the business climate in the country can result in a significant inflow of investments, which automatically means more jobs for our citizens and economic progress of the country.