S. Korea-Bosnia and Herzegovina economic cooperation agreement takes effect

A bilateral economic cooperation agreement between South Korea and Bosnia and Herzegovina officially began on Friday, according to the South Korean foreign ministry. The agreement, signed in Sarajevo in March, is now in effect 30 days after both countries confirmed they had completed their domestic procedures for its entry into force.

The ministry stated that the agreement aims to strengthen ties in investment, tourism, agriculture, and other sectors. It also establishes a framework for South Korean companies to expand into Bosnia and Herzegovina and for the two nations to create meetings of economic and technical experts to review implementation and discuss ways to deepen economic cooperation.

Bilateral trade between the two countries reached $41.59 million in 2025, with South Korea exporting steel, electronic equipment, and auto parts, while importing lead ore and clothing. Following the agreement's implementation, South Korea now has 102 active economic cooperation agreements. The government plans to continue pursuing such agreements to strengthen its economic diplomacy network and support local companies in entering global markets.