Ukraine and Bosnia and Herzegovina Identified the Priorities of Economic Cooperation in the Field of Tourism, Energy, Transport and Agrarian Sector

01.11.2018 | 20:12

Chernysh as a co-chairman of the Intergovernmental Commission on Trade and Economic Cooperation is in Bosnia and Herzegovina to hold a meeting of the Co-Chairs of the Commission, with the participation of the Deputy Minister for Foreign Trade and Economic Relations of Bosnia and Herzegovina Mr. Mato Franjičević. Within the framework of the discussions, the parties identified the priority directions of bilateral cooperation, in particular in the areas of trade, energy, agriculture, and also finalized the Agreement on Cooperation in the field of tourism.

Recalling the conclusions of the second meeting of the Joint Committee held in Sarajevo on 12 October 2012, we agreed that further action should continue on the basis of results achieved ever since, reconsidered and reprioritized so as to achieve optimum progress, expanding and further strengthening of long-term, mutually beneficial bilateral cooperation.

During the meeting of the Intergovernmental Commission, Vadym Chernysh spoke about intentions and positive dynamics of the results of trade and economic cooperation with Bosnia and Herzegovina:

"There is a steady increase in trade turnover between Ukraine and Bosnia and Herzegovina. For instance, in 7 months of 2018, figures for 2017 have already been exceeded, for some types of goods the increase is 2 to 10 times. We hope that the private business of the two countries will see the prospects for further development of our states".

"I want to mention that together with Bosnian and Herzegovinian partners the text of Agreement on Cooperation in the field of tourism is prepared and we expect that we will be able to sign it in the near future. We are convinced that the Agreement will give a new impetus attracting new sectors needed for tourism in both countries."

At the end of the meeting of Intergovernmental Commission co-chairmen of the Commission signed a joint statement confirming the common desire for further development of bilateral economic cooperation on the basis of mutual benefit, which will contribute to stability and prosperity of both countries and further strengthening of long-term, mutually beneficial bilateral cooperation.

Text of Joint Statement of Co-Chairmen on Trade and Economic Cooperation between Bosnia and Herzegovina and Ukraine

"Our countries have common historical ties, our cultures cross, our countries have chosen the path of democratic development and the protection of universal values, all this will promote the development of cooperation," said Vadym Chernysh.

The Ukrainian side also emphasized that Ukraine supports the aspiration of Bosnia and Herzegovina to become a member of the World Trade Organization.

"On October 10, the President of Ukraine issued a decree, which approved the composition of a group of representatives from Ukraine headed by First Vice Prime Minister Stepan Kubiv for signing all necessary documents on the basis of bilateral negotiations. We have supported and will further support the aspiration of Bosnia and Herzegovina to be a member of the World Trade Organization," the Minister emphasized.

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Ukraine and Bosnia and Herzegovina Identified the Priorities of Economic Cooperation in the Field of Tourism, Energy, Transport and Agrarian Sector

01.11.2018 | 20:12

Chernysh as a co-chairman of the Intergovernmental Commission on Trade and Economic Cooperation is in Bosnia and Herzegovina to hold a meeting of the Co-Chairs of the Commission, with the participation of the Deputy Minister for Foreign Trade and Economic Relations of Bosnia and Herzegovina Mr. Mato Franjičević. Within the framework of the discussions, the parties identified the priority directions of bilateral cooperation, in particular in the areas of trade, energy, agriculture, and also finalized the Agreement on Cooperation in the field of tourism.

Recalling the conclusions of the second meeting of the Joint Committee held in Sarajevo on 12 October 2012, we agreed that further action should continue on the basis of results achieved ever since, reconsidered and reprioritized so as to achieve optimum progress, expanding and further strengthening of long-term, mutually beneficial bilateral cooperation.

During the meeting of the Intergovernmental Commission, Vadym Chernysh spoke about intentions and positive dynamics of the results of trade and economic cooperation with Bosnia and Herzegovina:

"There is a steady increase in trade turnover between Ukraine and Bosnia and Herzegovina. For instance, in 7 months of 2018, figures for 2017 have already been exceeded, for some types of goods the increase is 2 to 10 times. We hope that the private business of the two countries will see the prospects for further development of our states".

"I want to mention that together with Bosnian and Herzegovinian partners the text of Agreement on Cooperation in the field of tourism is prepared and we expect that we will be able to sign it in the near future. We are convinced that the Agreement will give a new impetus attracting new sectors needed for tourism in both countries."

At the end of the meeting of Intergovernmental Commission co-chairmen of the Commission signed a joint statement confirming the common desire for further development of bilateral economic cooperation on the basis of mutual benefit, which will contribute to stability and prosperity of both countries and further strengthening of long-term, mutually beneficial bilateral cooperation.

Text of Joint Statement of Co-Chairmen on Trade and Economic Cooperation between Bosnia and Herzegovina and Ukraine

"Our countries have common historical ties, our cultures cross, our countries have chosen the path of democratic development and the protection of universal values, all this will promote the development of cooperation," said Vadym Chernysh.

The Ukrainian side also emphasized that Ukraine supports the aspiration of Bosnia and Herzegovina to become a member of the World Trade Organization.

"On October 10, the President of Ukraine issued a decree, which approved the composition of a group of representatives from Ukraine headed by First Vice Prime Minister Stepan Kubiv for signing all necessary documents on the basis of bilateral negotiations. We have supported and will further support the aspiration of Bosnia and Herzegovina to be a member of the World Trade Organization," the Minister emphasized.