Turkey focuses investments more than trade with Bosnia

The Turkish president said that Turkey and Bosnia and Herzegovina should turn their friendship into economic and commercial cooperation.

Turkey focuses investments more than trade with Bosnia

 

The Turkish president said on Thursday that Turkey and Bosnia and Herzegovina should turn their friendship into economic and commercial cooperation.

Turkey's President Abdullah Gul said Turkey and Bosnia and Herzegovina were close to each other, and that closeness should not only be limited with affection.

"We should turn this closeness into economic and commercial cooperation," Gul told a business forum in Sarajevo.

Gul said Turkey was interested in entire Bosnia and Herzegovina, and this country should make rapid progress on the road to NATO and European Union (EU).

"I told executives (of this country) that they should make significant reforms, and constitutional amendments if necessary; and pass laws if necessary (to achieve that goal)," Gul said.

Gul said Bosnia and Herzegovina would be more valuable when it started to walk on the path of NATO and EU because when this country, located in the heart of Europe, raised its standards to those of the EU, and when its security and stability was taken under the umbrella of NATO, the country's future would be more certain.

"Doubts and lack of confidence will be eliminated, and this will bring investors and businessmen to the country," he said.

On bilateral trade, Gul said the trade volume between the two countries climbed to 600 million USD in 2008.

"We attach more importance to investments than trade," he said.

Gul said Turkish investments in Bosnia and Herzegovina was only around 100 million USD, and said the reason of low amount of investments in Bosnia and Herzegovina could be bureaucratic hurdles and insufficient information Turkish businessmen had about this country's potential.

The president said Turkey and Bosnia and Herzegovina could cooperate in energy.

Gul also called on Turkish businessmen to be more interested in Bosnia and Herzegovina.

President Gul is paying a formal visit to Bosnia and Herzegovina, and met Presidency Chairman Haris Silajdzic earlier on Thursday.
 

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Last Mod: 03 Eylül 2010, 13:03
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