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 South Korea and Bosnia and Herzegovina came into effect on Friday, creating a framework to boost trade and collaboration in sectors like investment, tourism, and agriculture, according to South Korea's foreign ministry. The accord was signed in Sarajevo in March and becomes effective 30 days after each country confirms it has fulfilled domestic requirements, the ministry explained.
The agreement aims to strengthen economic ties and provide a structure for Korean firms looking to enter the Balkan market, the ministry said in a statement. It also enables the two nations to convene economic and technical expert meetings to evaluate implementation and explore ways to deepen bilateral cooperation, which is anticipated to enhance practical collaboration between the two countries.
In 2025, bilateral trade amounted to $41.59 million, with South Korea primarily exporting steel, electronics, and automotive components, while importing goods such as unspecified items.
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