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Bosnia and Herzegovina: foreign trade policy and foreign trade balance in terms of the EU association process

Author

Listed:
  • Marina Jerinić
  • Dijana Ćavar
  • Jelena Jurić

Abstract

Bosnia and Herzegovina (B&H) is a small and open country specific by its complex administrative structure and many transitional problems. Unfortunately, the country has a continuous foreign trade deficit. Domestic companies' low competitiveness and many non-tariff barriers they are being exposed to on the international market are the main obstacles to the better position in the international trade. As other countries in the region, B%H has also expressed aspiration to join the European Union by the CEFTA and Stabilisation and Association Agreement (SAA). Integration is intertwined with trade-relations and progressive liberalisation may have unintended consequences. So, how does EU association process affect B%H's foreign trade balance? Analysis of B%H's foreign trade policy and foreign trade balance in the light of the EU association process and recommendation for foreign trade policy makers are given below.

Suggested Citation

  • Marina Jerinić & Dijana Ćavar & Jelena Jurić, 2018. "Bosnia and Herzegovina: foreign trade policy and foreign trade balance in terms of the EU association process," International Journal of Diplomacy and Economy, Inderscience Enterprises Ltd, vol. 4(2), pages 139-171.
  • Handle: RePEc:ids:ijdipe:v:4:y:2018:i:2:p:139-171
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