Signed Agreement on Economic Cooperation between Council of Ministers of Bosnia and Herzegovina and Government of Romania



The Minister of Foreign Trade and Economic Relations of BiH, Mr. Mirko Šarović and the Minister of Economy of Romania, Mr. Varujan Vosganian signed an Agreement on Economic Cooperation between the Council of Ministers of Bosnia and Herzegovina and the Government of Romania in Bucharest

The Agreement is concluded with a view to developing a necessary legal framework for economic cooperation between Bosnia and Herzegovina and Romania, taking into account the obligations of the two countries arising from their national legislation and international agreements/integrations. The two countries committed themselves to cooperate and encourage cooperation between business associations and communities in order to promote and have insight in various economic activities through which the bilateral cooperation will be enhanced in all areas where found necessary, particularly in the economic and technical sectors. Among the objectives of such cooperation are: development and economic prosperity in each country, encouraging economic cooperation, environmental protection, and contribution to the development of economy and living standards in each country.