Turkey's free trade agreement with Bosnia to expand
Apr 11, 2014 - 12:00 am GMT+3
Apr 11, 2014 12:00 am
SARAJEVO — Turkey and Bosnia and Herzegovina have been working to expand their bilateral free trade agreement, Turkey's Economy Minister said on Thursday.
Nihat Zeybekci was on a visit to Bosnia to boost the two countries' economic ties.
Speaking at a business forum in the Bosnian capital Sarajevo, Zeybeci said, "Bosnia and Herzegovina relations with Turkey throughout history have always been good. We want to expand this relationships with strong business alliances."
A Free Trade Agreement (FTA) between Turkey and Bosnia-Herzegovina was signed on July 3, 2002 in Ankara and came into force on 1 July 2003.
According to Turkish Statistical Institute data, Turkish exports to Bosnia and Herzegovina were worth $251 million in 2012, while imports from the country were worth $111.64 million.