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 Global Trade
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 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 Programs taught by EENI Global Business School:

Doctorate: World Trade.

Masters: International Business, Foreign Trade.

Languages: + Bosnia-Herzegovina Bosnie-Herzegovine Bósnia e Herzegovina.

1. Credits of the Subject “Doing Business in Bosnia and Herzegovina”: 1
2. Duration: one week

Bosnian-Herzegovinian Preferential Access and 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 Agreement
3. Turkey-Bosnia and Herzegovina Agreement
4. Bulgaria-Bosnia and Herzegovina Agreement
5. Bosnia and Herzegovina-EU Trade Relations;
   1. Stabilization and Accession Agreement with the EU
   2. Western Balkans
   3. EUROMED
6. Islamic Trade Preferential System
7. Central European Initiative
8. Adriatic-Ionian Initiative
9. Regional Cooperation Council

1. WTO (in process of accession)
2. WCO
   1. Kyoto Convention
3. Convention Harmonization of Frontier Controls of Goods
4. ICC
5. COTIF Convention (Rail)
6. BIC (Containers)
7. Chicago Convention (ICAO)
8. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
9. IRU
   1. TIR Convention
   2. Guidelines on Safe Load Securing for Road Transport
10. Customs Convention on Containers - not a member
11. CIM / CIT Rules

European Organizations:

1. UNECE
2. OSCE

1. Islamic Development Bank (Beneficiary Country)
2. OIC - Observer State
   1. Bosnia and Herzegovina is an observer country of the Standing Committee for Economic and Commercial Cooperation(COMCEC)

Global Organizations:

1. UN
2. WB
3. WTO
4. 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 km²
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)

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 (1995-2023)
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