GREAT SUCCESS IN ECONOMIC COOPERATION WITH AUSTRIA: THE COVERAGE OF IMPORT BY EXPORT REACHED 155%

Growth of exports from Bosnia and Herzegovina to Austria over the past three years has been steadily increasing, and coverage of import by export has reached a record 155%, was said today at the meeting of Minister of Foreign Trade and Economic Relations of BiH, Mirko Sarovic and Ambassador of Austria to BiH, Ulrike Hartmann.

 

Minister Sarovic pointed out that last year Bosnia and Herzegovina exported goods worth more than a billion KM. "It is very important that we do not export raw material to Austria, but commodities and components, mainly from the metal industry, where there is a lot of knowledge and the work of domestic companies," said Minister Sarovic.

 

Welcoming the dynamic and successful cooperation of the two countries, Ambassador Hartmann emphasized that Austria only imports from Bosnia and Herzegovina more than it exports. This, as emphasized, does not create difficulties for this country, as on the other hand, a significant number of Austrian investors and firms are represented in Bosnia and Herzegovina.

 

The interlocutors agreed that the steady growth of cooperation guarantees increased cooperation in the coming years and that the key to further progress is construction of the road infrastructure, particularly Corridor 5C.