There is a solid basis for intensive economic cooperation between Macedonia and Bosnia and Herzegovina – Republic of Macedonia - Bosnia and Herzegovina Business Forum in Skopje
Thursday, 20 April 2017 11:01   

MKD-BIH_forum1The political relations between the Republic of Macedonia and Bosnia and Herzegovina are excellent, but a more intensive economic cooperation is lagging behind and we must put more efforts thereto in the coming period, assessed the President of the Republic of Macedonia, Dr. Gjorge Ivanov, and the Chairman of the Presidency of Bosnia and Herzegovina, Mr. Mladen Ivanic, at today's Macedonia - Bosnia and Herzegovina Business Forum, held in Skopje.

They concurred that there is a solid basis for intensifying economic cooperation and expressed readiness to create the legal framework in order to increase the trade between the two countries.

According to President Ivanov, the statistics show that B&H is the 20th trade partner of Macedonia, and the trade in 2016 amounted to USD 155.7 million and does not correspond to the high level of political, cultural and social relations that exist between the two countries.

- The visit of Mr. Ivanic and this Business Forum is an expression of the willingness of our countries and institutions to help the businessmen. We are here to open new perspectives, creating a new legal framework for concrete cooperation, to meet the needs of business entities and enable our people to continue to cherish the traditional friendship, President Ivanov stressed.

The Macedonian President added that there is a solid foundation for promotion of the economic cooperation, since the two countries share the major preconditions, such as mutual trust, recognized and accepted brands, as well as open and friendly markets.

In order to deepen the economic cooperation, Chairman Ivanic expressed hope that soon travel from one to the other country will be enabled with identity cards, with opening direct flights between Skopje and Sarajevo and with joint appearance on third markets for Macedonian and companies from Bosnia and Herzegovina.

- I believe there is mutual willingness to increase substantially the cooperation in the economic area between Macedonia and Bosnia and Herzegovina. Bosnia and Macedonia have a relatively stable currency, we and you are part of the modern world, in both countries taxes are relatively stable and I think that there is really a large space for cooperation. There should be a more direct connectivity, Chairman Ivanic said, adding that without economic development, there is no political stability.

In the next period, the two countries are expected to sign agreement on economic cooperation and agreement on cooperation between the chambers of commerce.

In the presence of President Ivanov and Chairman Ivanic, an Agreement on cooperation between the Government of the Republic of Macedonia and the Council of Ministers of Bosnia and Herzegovina in the process of accession to the European Union was signed today.