Turkey wants to expand free-trade deal with Bosnia

Turkey's Economy Minister says Ankara and Sarajevo have been working to expand their bilateral agreement.

Turkey wants to expand free-trade deal with Bosnia

World Bulletin / News Desk

Turkey and Bosnia and Herzegovina have been working to expand their bilateral free trade agreement, Turkey's Economy Minister said on Thursday.

Nihat Zeybekci was on a visit to Bosnia to boost the two countries’ economic ties.

Speaking at a business forum in the Bosnian capital Sarajevo, Zeybeci said: “Bosnia and Herzegovina relations with Turkey throughout history have always been good. We want to expand this relationships with strong business alliances.”

A Free Trade Agreement (FTA) between Turkey and Bosnia-Herzegovina was signed on 3 July 2002 in Ankara and came into force on 1 July 2003.

According to Turkish Statistical Institute data, Turkish exports to Bosnia and Herzegovina were worth US$251 million in 2012, while imports from the country were worth US$111.64 million.

Last Mod: 11 Nisan 2014, 09:28
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