Bosnia and Herzegovina has potential for Azerbaijani investments

He noted that although at the present the trade cooperation is limited and sporadic, there is an interest to be improved.

“There are the potentials especially in the fields of mechanical engineering, electrical industry, energy, construction and pharmaceutical industries. The excellent bilateral relations between the two countries will certainly open up a space for better economic and business cooperation,” Ivanic told Trend.

Commenting on the prospective spheres for Azerbaijani investments to Bosnia and Herzegovina, he noted that the area of agriculture is very potential as well as the activities in the field of wood processing, because about 60 percent of the country is covered with forest.

“In that regard, the investment of Azerbaijan in Bosnia and Herzegovina factories for fruit and vegetables processing will certainly contribute to the improvement of our relations. It is a positive example and the important reason and indication for other investors to come and invest in Bosnia and Herzegovina,” Ivanic said.

He went on to say that tourism is one of the spheres where so far good cooperation could be even better.

Tourism is undoubtedly the area, in which both Bosnia and Herzegovina and Azerbaijan can offer a lot, Ivanic added.

“In addition, it is dealing with a similar mentality of the people. Both countries would surely represent each other an attractive tourist destination. Both countries abound in numerous cultural monuments and natural splendors with mountains, rivers, and lakes,” he said.

He also noted that both Bosnia and Herzegovina and Azerbaijan have excellent food.

“I have personally seen that. That would be nice if other people would have the opportunity to experience the same,” Ivanic added.

Therefore, in the field of tourism there is enough space for additional cooperation, he said.

Azerbaijan’s trade turnover with Bosnia and Herzegovina amounted to $866,110 in 2017.