The Second Session of the Joint Trade and Economic Cooperation (JTC) between India and Bosnia & Herzegovina held here, resolved to strengthen the bilateral economic and commercial ties between the two countries.
The Joint Committee meeting was co-chaired by Shri Rahul Khullar, Additional Secretary, Department of Commerce and Mr. Slobodan Ecimovic, Deputy Minister, Ministry of Foreign Trade and Economic Relations.
The focus of the discussion was on providing a framework for growth of trade and investment. This framework would be provided through agreements / Memorandum of Understandings, covering Investment Protection and Promotion, exchange of trade related information, banking arrangements, export credit guarantee arrangements, bilateral Air Services Agreement etc.
The Bosnian side expressed keen interest for Indian investment in textile, auto components, metal processing, energy, tourism, pharmaceutical, and particularly in infrastructure development being undertaken in Bosnia and Herzegovina.
Both sides signed the Protocol, which expressed satisfaction with the deliberations of the Joint Committee and agreed to hold the next session of JTC in Bosnia at a mutually agreed date.
The bilateral trade was US $1.72 million in 2005-06 and the major items of India's exports to Bosnia are machinery and instrument, drugs, pharmaceuticals and fine chemicals.
Press Information Bureau Government of India
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