Trade and economic cooperation

Dynamics of trade and economic cooperation between Belarus and Bosnia and Herzegovina

In 2025, trade and economic cooperation between Belarus and Bosnia and Herzegovina was characterised by intensified diplomatic contacts and supportive statements from the leadership of both countries, whereas the volume of practical economic exchange remained modest. It was noted that the main objective remains to increase trade turnover and investment, as well as to enhance the level of business cooperation through more active use of the existing legal framework and the organisation of regular consultations at government and business levels. 

The modest volume of trade is attributable to its historically low level and the narrow specialisation of both countries’ economies. The parties have a current agreement on trade and the promotion and protection of investments, signed in 2004, and which entered into force in 2006. This document formally regulates the terms of bilateral trade and investment activity between the countries. 

Mechanisms for establishing a joint trade and economic commission are currently being explored, which could serve as the organisational framework for regular intergovernmental consultations on economic matters. Furthermore, BiH is included in the list of countries with which agreements on the promotion and protection of investments are in force, which theoretically provides a legal basis for stimulating foreign capital, including Belarusian capital.