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

Marina Jerinić, Dijana Ćavar and Jelena Jurić

International Journal of Diplomacy and Economy, 2018, vol. 4, issue 2, 139-171

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.

Keywords: foreign trade balance; foreign trade policy; EU association process; deficit; Bosnia and Herzegovina; B%H. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijdipe:v:4:y:2018:i:2:p:139-171

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