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Greater Economic Links with Balkans in Focus while Erdogan visits Bosnia

by John Pierce
July 3, 2023
in Business
3 min read
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Strengthening and accelerating bilateral relations up Economic cooperation tops the agenda of Turkey’s president swings three countries across the Balkans, a region which has recently been plagued by many political deadlocks.

President Recep Tayyip Erdogan arrived with a large delegation in The capital of Bosnia and Herzegovina, Sarajevo on Tuesday, before it takes place one-on-one and inter-delegation meetings with Three-member presidential council of Bosnia and Herzegovina.

The council includes Bosnian member Šafik Dzaferovic, Croatian member Zeljko Komsic and Serbian member Milorad Dodik.

Speaking at a joint press conference after the talks, Erdogan called relations relations with He stressed that Bosnia and Herzegovina is “exceptional”. support for territorial integrity and stability of the country.

For his part, Dzaferovic said: Turkey, Bosnia and Herzegovina enjoy They added that their friendly relations and historical and cultural ties are strong want to strengthen relationships.

he is also He said plans they were in place to expand bilateral trade to 1 billion dollars (18.23 billion Turkish liras) in near period.

Dzaferovic also They expressed the desire of Bosnia and Herzegovina to start traveling without a passport with Turkey practice Which Erdogan said will become effective soon.

Before heading to Sarajevo, Erdogan said that Turkey is pursuing a policy that support stability and development of The Balkans and the process of their integration into Euro-Atlantic structures.

We will try to find a solution to the political crisis in Bosnia and Herzegovina during our visit.

Balkans priority for Turkish not only for For political, economic and geographic reasons, but also Because of its historical, cultural and human ties with The region.

Erdogan was expected to meet the members of the home of Representatives and the House of Representatives of peoples of Parliamentary Assembly highest Legislatures in Country, attending a business Forum later Tuesday.

he will also Visit the grave of Ali Izetbegovic first Bosnian President of Country who Die in 2003.

In recent years, the Balkans region became attractive market for Turkish investors with that it qualified manpower business friendly investment environmenttaxes and financial incentives.

The region It has deep historical and cultural ties with Turkey is often described as Turkey’s gateway to the European Union thanks to its geography location.

After Bosnia and Herzegovina, the Turkish leader will head to Serbia and Croatia, respectively.

The three countries aim to improve their economic relations with Turkey, according to their officials.

Zdravko Marinkovic, head of Bosnia and Herzegovina Chamber of Foreign trade, Erdogan said Erdogan’s Balkan tour is important for The region.

Turkey invested 265 million dollars in Bosnia and Herzegovina last year. Turkish is one of The most important investment powers in Bosnia and Herzegovina. The trade Increased its size to nearly 600 million dollars last yearMarinkovic told Anadolu Agency (AA).

Maria Sippy, head of Center for Europe in the Serbia room of Trade, said economic relations with Turkiye were in highest level.

Economic relations between Turkey and Serbia have made great progress in Last few years. Ministry of Foreign Affairs trade The trading volume reached 1.73 billion dollars in 2021,” Sippy said.

Moreover, imports from Turkey increased by 43% added.

We have come a long way way in terms of Foreigner trade Scale and investment, but we below The real Ability. thanks for the good political relations, economic relations of the two countries they are in highest Siby said.

sippy added That there are 699 registered Turkish companies in Serbia and these companies employ nearly 10,000 people.

Silva Stebek, director of International Employment Center of the Chamber of Croatia of Bilateral economy said trade The trading volume reached 845 million dollars in 2021.

We reached 501 million dollars in The first Five months of this is year. “I can tell we’re getting close to the goal,” Stebeck said.

Erdogan also He is expected to attend business Forums in Belgrade and Zagreb, organized by the Council on Foreign Economic Relations of Turkey (DEIK).

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