Business in Bosnia and Herzegovina

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

1. To analyse the Bosnian-Herzegovinian Economy and Foreign Trade (Import, Export, FDI)
2. To know the business opportunities in the Bosnian-Herzegovinian Market
3. To analyse the trade relations of Bosnia and Herzegovina with the country of the student
4. To know the Bosnia and Herzegovinian Free Trade Agreements
5. To develop a business plan for the Bosnian-Herzegovinian Market

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 Free Trade Agreement (Switzerland, Norway, Iceland and Liechtenstein)
3. Turkey-Bosnia and Herzegovina Free Trade Agreement
4. Bulgaria-Bosnia and Herzegovina Free Trade Agreement
5. Bosnia and Herzegovina-European Union Trade Relations
   1. Stabilization and Accession Agreement with the European Union
   2. Western Balkans
   3. EUROMED
6. Islamic Trade Preferential System (TPS-OIC)
7. Central European Initiative (CEI)
8. Adriatic-Ionian Initiative
9. Regional Cooperation Council (RCC)

Trade Facilitation Programs

1. World Trade Organisation (WTO) (in process of accession)
2. World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)
3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE)
4. International Chamber of Commerce (ICC)
5. Convention concerning International Carriage by Rail (COTIF)
6. International Bureau of Containers and Intermodal Transport (BIC)
7. International Civil Aviation Organisation (ICAO, Chicago Convention)
8. International Maritime Organisation (IMO)
   1. International Convention for Safe Containers (CSC)
   2. Convention Relating to Temporary Admission (Istanbul Convention)
9. International Road Transport Union (IRU)
   1. TIR Convention
   2. Guidelines on Safe Load Securing for Road Transport
10. Customs Convention on Containers (CCC, UN) - not a member
11. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT)

European Trade and Economic Organisations

1. Economic Commission for Europe (UNECE)
2. Organisation for Security and Cooperation in Europe (OSCE)
3. Group of States of the European Council Convention against Corruption (GRECO)

Islamic Organisations

1. Islamic Development Bank (Beneficiary Country)
2. Organisation of Islamic Cooperation (OIC) - Observer State
   1. Islamic Chamber of Commerce and Industry (ICCI)
   2. Islamic Centre for Development of Trade (ICDT)
   3. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)
   4. Bosnia and Herzegovina is an observer country of the Standing Committee for Economic and Commercial Cooperation(COMCEC)

Global Economic Organisations

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)
2. World Bank (WB)
3. World Trade Organisation (WTO)
4. International Monetary Fund (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 square kilometres
4. Bosnian-Herzegovinian Population: 3.8 million people
5. Type of Government of Bosnia and Herzegovina: Parliamentary Federal Republic
6. Bosnia is a widely decentralised 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 Civilisation (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