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Bahrain, Bosnia to ease visa rules

Manama, October 14, 2011

Bahrain and Bosnia Herzegovina have agreed to ease visa rules for businessmen during a high-level official meeting in Manama.

The two countries will sign an agreement by March next year, promoting travel by businessmen between the two countries without the need for visas, Bosnia Herzegovina Foreign Relations Minister Sven Alkalaj said and added that he and Foreign Affairs Minister Shaikh Khalid bin Ahmed Al Khalifa have agreed to prepare an agreement on abolishing visa between the two countries.

He called it a step in the right direction. "It will allow and facilitate business people to travel back and forth without wasting time helping the enhancement of business.

"We have initiated these agreements and it is expected to be completed in the next few months. This agreement is expected to be completed by spring of 2012," he said.

The minister said the two countries can help each other in developing the economic base of each other.

"Bahrain could promote investments, bring investors to Bosnia Herzegovina and also work together in different fields," he said.

Alkalaj said he held meetings with the Economic Development Board on attracting investments to his country. "I like to see a road map on how we proceed and we are looking for investments in infrastructure, energy, telecommunications and agriculture. These are the major sectors, but there are also other sectors," he added.

The EDB will be in Bosnia Herzegovina to explore the possibilities of investing in projects that are open for privatisation and make a beginning for closer relations between the two countries, said the minister.

As for investment from Bosnia into Bahrain, he said that his country was new and so the quantity of investment might not be huge, "but all the same we like to invest where there is an opportunity. We look to working with willing partners in Bahrain in executing projects. We like to bring the expertise we have in energy where we have huge experience," he said.

Alkalaj said that he looked at possibilities of boosting trade - especially in furniture manufacturing and other sectors where there could be mutual interest.

Alkalaj said he saw a lot of investment flowing into Bosnia and using its labour force, which he called well organised, knowledgeable and very competitive in cost. Looking into Bahrain's free trade agreement (FTA) with the EU, Alkalaj said Bosnia could help in Bahraini goods flowing into the EU using Bosnia Herzegovina as a hub. - TradeArabia News Service




Tags: Bahrain | Visa | Bosnia |

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