The Minister went on to say that “although the two sides enjoy a great deal of cultural and historical commonalities, and the huge number of opportunities and potentialities that exist in them, their economic cooperation does not stand at a satisfactory level. We need to identify the hidden potentialities and activate the private sectors of both sides more than ever”.
Hosseini assessed the decision to codify a comprehensive economic plan within the framework of the Iran-Bosnia Joint Commission as important and demanded the promotion of mutual cooperation to expand the economic ties and provide the needed legal bedrock in this regard.
The Iranian Minister of Economic Affairs and Finance continued his remarks by saying that Iranian companies are going to transfer the experiences and capabilities to export Iran’s technical and engineering services to Bosnia in the fields of energy, agriculture, building of dams, and construction of bridges, roads and railways.
Mr. Haris Silajdžić member of the Presidency of Bosnia and Herzegovina, on his part, welcomed the proposals put forward by Mr. Hosseini and considered Iranian companies’ strong and serious presence in the development process of his country as well as their technical and economic capabilities, as “important” to Bosnia.
Mr. Silajdžić went on to announce that the Bosnian government has made decisions to reform the process of issuing the essential licensees for the entry of foreign investments so that the bureaucratic barriers would be removed and the overall business environment would be improved in his country.
He mentioned that Bosnia and Herzegovina needs at least 22 hydro and wind power plants and added :”Bosnia enjoys advantages in the foodstuff and agricultural sectors and the investors may very well seize the opportunity and not only make profit for themselves but also create job opportunities an bring about a growth in exports for Bosnia”