Ministry of Foreign Trade and Economic Relations (Bosnia and Herzegovina)

The Ministry of Foreign Trade and Economic Relations of Bosnia and Herzegovina (Ministarstvo vanjske trgovine i ekonomskih odnosa Bosne i Hercegovine) is a key government institution responsible for shaping and implementing the country's foreign trade and economic policies. It plays a central role in promoting Bosnia and Herzegovina's economic interests on the international stage, fostering trade relations with other countries, and attracting foreign investment.

The Ministry's responsibilities include:

• Formulating and implementing foreign trade policy: This encompasses activities such as negotiating trade agreements, setting tariff rates, and regulating import and export activities.
• Promoting exports: The Ministry works to support Bosnian businesses in accessing international markets and increasing their export competitiveness. This can involve organizing trade missions, providing market research, and offering financial assistance.
• Attracting foreign investment: The Ministry aims to create a favorable investment climate in Bosnia and Herzegovina by streamlining regulations, providing information to potential investors, and offering investment incentives.
• Coordinating with other government agencies: The Ministry collaborates with other ministries and agencies to ensure a coherent approach to economic development and foreign trade.
• Representing Bosnia and Herzegovina in international economic forums: The Ministry participates in international organizations and negotiations related to trade, investment, and economic cooperation.

The Ministry is headed by a Minister, who is appointed by the Council of Ministers of Bosnia and Herzegovina. The Minister is responsible for the overall management and direction of the Ministry. The Ministry is structured into various departments and units, each responsible for a specific area of activity. The seat of the ministry is located in Sarajevo, the capital of Bosnia and Herzegovina.