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Bosnia's foreign trade deficit amounts to EUR 20 billion

MOSTAR, Nov 4 (Hina) - In the last seven years Bosnia-Herzegovina hasincurred a deficit of EUR 20 billion, the vice-chairman of thecountry's chamber of foreign trade, Milan Lovric, said on Friday.
MOSTAR, Nov 4 (Hina) - In the last seven years Bosnia-Herzegovina has incurred a deficit of EUR 20 billion, the vice-chairman of the country's chamber of foreign trade, Milan Lovric, said on Friday.

Representatives of the chambers of the economy and business people from the country's two entities met in Mostar today to discuss the need to increase exports.

The head of the state chamber of foreign trade, Milan Lovric, said that such an unfavourable foreign trade balance was due to the non-functioning of state institutions.

"Bosnia-Herzegovina is politically and structurally an unsuitable state, it needs a single economic area," Lovric added.

Bosnian Foreign Trade Minister Dragan Doko called on business people from both entities to join in shaping the country's negotiating policy for admission to European Union institutions.

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