Trade and 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 Foreign Trade (Import, Export, FDI);
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 Free 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 Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Masters (MIB): Business in Europe, International Business, Foreign Trade.

Course: Business in CEFTA Countries.

Learning materials in + 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 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).

Sample:

Trade Facilitation Programs

1. World Trade Organization (WTO) (in process of accession);
2. World Customs Organization (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 Organization (ICAO, Chicago Convention);
8. International Maritime Organization (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).

Sample:

European Trade and Economic Organizations:

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

Islamic Organizations:

1. Islamic Development Bank (Beneficiary Country);
2. Organization 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 Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (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 kilometers;
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).

Sample:

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 (1995-2022)
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