Korea-Bosnia and Herzegovina economic cooperation agreement takes effect
A bilateral economic cooperation agreement between Korea and Bosnia and Herzegovina took effect Friday, providing an institutional framework for expanding ties in investment, tourism, agriculture and various other sectors, Seoul's foreign ministry said. The agreement was signed in Sarajevo in March and is taking effect 30 days after the two countries notified each other that they have completed…
A bilateral economic cooperation agreement between Korea and Bosnia and Herzegovina came into effect on Friday, according to Seoul's foreign ministry. The pact, signed in Sarajevo in March, lays the groundwork for expanding relations in investment, tourism, agriculture and other areas. The agreement entered into force 30 days after both nations confirmed they had fulfilled domestic requirements, as per the ministry's statement.
It aims to strengthen economic ties with Bosnia and Herzegovina and provide a framework for Korean firms looking to broaden their presence in the Balkans. The ministry noted that the deal will also enable the two countries to convene meetings of economic and technical experts to assess implementation and explore ways to deepen bilateral cooperation.
Bilateral trade stood at $41.59 million in 2025, with Korea exporting items such as steel, electronic equipment and auto parts, while the country imported primarily agricultural and other goods.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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