Business in Bosnia and Herzegovina

The objectives of the subject “International Trade and Business in” Bosnia and Herzegovina” are the following:

1. To analyze the Bosnian-Herzegovinian Economy and Global Trade;
2. To know the business opportunities in the Bosnian-Herzegovinian Market;
3. To analyze the trade relations of Bosnia and Herzegovina with the country of the student;
4. To know the Bosnia and Herzegovinian Trade Agreements;
5. To develop a business plan for the Bosnian-Herzegovinian Market.

The Subject “Foreign Trade and Business in Bosnia and Herzegovina” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Languages: + Bosnia-Herzegovina Bosnie-Herzegovine Bósnia e Herzegovina.

1. Credits of the Subject “International Trade and Business in” Bosnia and Herzegovina”: 1 ;
2. Duration: one week.

Bosnian-Herzegovinian Preferential Access and Free Trade Agreements:

1. Bosnia and Herzegovina and the European Economic Area / Central Eurasia Economic Area;
2. Central European Free Trade Agreement (CEFTA)
   1. EFTA-Bosnia and Herzegovina FTA.
3. Turkey-Bosnia and Herzegovina FTA;
4. Bulgaria-Bosnia and Herzegovina FTA;
5. Bosnia and Herzegovina-EU Trade Relations;
   1. Stabilization and Accession Agreement with the EU;
   2. Western Balkans;
   3. EUROMED.
6. Islamic Trade Preferential System;
7. Central European Initiative;
8. Adriatic-Ionian Initiative;
9. Regional Cooperation Council.

1. WTO (in process of accession);
2. WCO
   1. Kyoto Convention.
3. Convention Harmonization of Frontier Controls of Goods;
4. ICC;
5. COTIF Convention (Rail);
6. BIC;
7. Chicago Convention (ICAO);
8. IMO
   1. Convention for Safe Containers;
   2. Istanbul Convention.
9. IRU
   1. TIR Convention;
   2. Guidelines on Safe Load Securing for Road Transport.
10. Customs Convention on Containers - not a member;
11. CIM / CIT Rules.

European Economic Organizations:

1. UNECE;
2. OSCE;
3. Group of States of the European Council Convention against Corruption.

1. Islamic Development Bank (Beneficiary Country);
2. OIC - Observer State
   1. Bosnia and Herzegovina is an observer country of the Standing Committee for Economic and Commercial Cooperation(COMCEC).

Global Economic Organizations:

1. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
2. WB;
3. WTO;
4. IMF.

The Republic of Bosnia and Herzegovina

1. Bosnian-Herzegovinian Capital: Sarajevo;
2. Official Languages of Bosnia and Herzegovina: Croatian, Bosnian and Serbian;
3. Area of Bosnia and Herzegovina: 51,197 km²;
4. Bosnian-Herzegovinian Population: 3.8 million people;
5. Type of Government of Bosnia and Herzegovina: Parliamentary Federal Republic;
6. Bosnia is a widely decentralized country, comprising two autonomous entities: The Federation of Bosnia and Herzegovina and the Republika Srpska, with a third region, the district of Brčko, governed by the local government;
7. Borders of Bosnia and Herzegovina: Croatia, Serbia and Montenegro;
8. Independence of Bosnia and Herzegovina: 1992 (Yugoslavia).

Main religions in Bosnia and Herzegovina:

1. Islam (50%)
   1. Bosnia and Herzegovina has not signed the Cairo Declaration on Human Rights in Islam;
   2. Fiqh (Islamic Jurisprudence): Fiqh-al-Hanafi.
2. Christianity: Catholicism and Orthodoxy (30%).

Bosnia and Herzegovina belongs to the:

1. Western Civilization (European Economic Area);
2. Central Eurasia Economic Area.

Economy of Bosnia and Herzegovina.

1. The Republic of Bosnia and Herzegovina is one of the poorest countries of the former Yugoslavia and Europe; the devastating effects of the Bosnian war (1992-95) still endure. In addition, the long blockade of Serbia and Croatia further hampered the economic recovery;
2. Bosnia spend 5 billions of dollars at the end of the war to rebuild its battered economy;
3. Bosnia is becoming a market economy;
4. Bosnian-Herzegovinian GDP (nominal): 49,874 million dollars;
5. GDP per capita of Bosnia and Herzegovina: 8,390 dollars;
6. Currency: Bosnia and Herzegovina convertible mark;
7. Main Bosnian products: fruit, tobacco, cattle, gold, copper, lead, zinc, coal
   1. In Sarajevo, there are tobacco, furniture, cars and communication equipment industries.
8. Main Bosnian companies: B & H Airlines, BH Telecom, Bosnalijek, Energopetrol, Factory of Tobacco of Sarajevo and Sarajevska Pivara (Sarajevo Brewery).

Bosnian-Herzegovinian Foreign Trade.

1. Main Bosnian exports: metals, clothes, wood products;
2. Top Bosnian exports destinations: Slovenia (16%), Italy, Germany, Croatia, Austria, Turkey;
3. Main Bosnian imports: machinery, chemical products, fuels, food products;
4. Main suppliers of Bosnia: Croatia (19%), Germany, Slovenia, Italy, Austria.

(c) EENI Global Business School (1995-2023)
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