Malaysia and Bosnia eyeing up Free Trade Agreement

Bosnia and Herzegovina is looking to sign a free trade agreement (FTA) with Malaysia will in the next three years.

The country’s Ambassador to Malaysia, Emir Hadzikadunic, said the FTA had been in the works for a while, he said, “There has been no concrete discussion as yet on the FTA and we hope to start negotiations and establish this arrangement soon. We are not satisfied with the existing economic relations between both countries as there is a lot more potential for economic collaboration. Our business ties can be improved and we are working on this,”

He also highlighted the fact that there were several bilateral agreements between both the countries, namely agreements on protecting foreign investors and some taxation agreements.  

Malaysia External Trade Development Corp chief executive officer Datuk Dzulkifli Mahmud said bilateral trade between Malaysia and Bosnia and Herzegovina was likely to grow between 5 and 10 percent this year. Malaysia’s trade with Bosnia and Herzegovina is based on electronics products, processed food, rubber and scientific equipment. Imports included chemicals and chemicals, wood products, textiles, apparel and footwear.

Business Review Asia's January issue is live. 

Follow @BizRevAsia and @MrNLon on Twitter.

Business Review Asia is also on Facebook.

SOURCE: [The Star]


Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights


Why Deloitte Australia’s HR technology is winning awards

Human Capital