News in English     | 22.06.2020. 14:30 |

Košarac - Alagić: Improve foreign trade of BiH and Turkey

FENA Press release

SARAJEVO, June 22 (FENA) - Minister of Foreign Trade and Economic Relations of BiH Staša Košarac received today in Sarajevo the newly appointed Ambassador of BiH to Turkey Adis Alagić, and discussed possibilities for enhancing cooperation between the two countries.

The interlocutors agreed that it is important to develop bilateral cooperation between BiH and Turkey, and pointed out the importance of economic diplomacy in order to establish more efficient foreign trade between BiH companies and Turkey.

The signing of a free trade agreement between BiH and Turkey was also discussed at the meeting. Minister Košarac reminded that the document is currently in the procedure in the institutions of BiH, estimating that the free trade agreement would improve the foreign trade turnover between the companies from BiH with the Turkish companies.

Košarac and Alagić stated that in the coming period it is necessary to organize a meeting of the bilateral trade committee between BiH and Turkey, as well as the trilateral trade committee BiH - Serbia - Turkey, after the implementation of the election results in Serbia.

The Minister informed Ambassador Alagić about the beef exports from BiH to Turkey, focusing on the request to increase the quota by an additional 2.000 tons by 2020, which would make the open quota 5.000 instead of the previous 3.000 tons.

“We are determined to develop the business of placing beef on the Turkish market. If we export domestic stocks to Turkey, caused by reduced local consumption due to the COVID-19 epidemic, it will be the best possible way to protect domestic production,” said Košarac, reminding that he recently discussed the possibility of increasing the export quota with the Turkish Ambassador to BiH Haldun Koc, the Ministry of Foreign Trade and Economic Relations of BiH announced.  

(FENA) A. B.

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