Turkey and Bosnia and Herzegovina have been working to expand their bilateral free trade agreement, Turkey’s Economy Minister said on 10 April. Nihat Zeybekci was on a visit to Bosnia to boost the two countries’ economic ties. Speaking at a business forum in the Bosnian capital Sarajevo, Zeybeci said: “Bosnia and Herzegovina relations with Turkey throughout history have always been good. We want to expand the relationships with strong business alliances.”
A Free Trade Agreement (FTA) between Turkey and Bosnia-Herzegovina was signed on 3 July 2002 in Ankara and came into force on 1 July 2003. According to Turkish Statistical Institute data, Turkish exports to Bosnia and Herzegovina were worth US$251 million in 2012, while imports from the country were worth US$111.64 million.