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Free Trade Agreement (FTA) between the Republic of Turkey and Bosnia-Herzegovina was signed on 3 July 2002 in Ankara and entered into force on 1 July 2003.The Agreement was amended through a Protocol in 2010 and the Protocol on Rules of Origin was amended in 2011.
With Turkey-Bosnia-Herzegovina FTA, tariff and non-tariff barriers for trade were eliminated in trade between the Parties. Also, Agreement regulates numerous subjects such as sanitary and phytosanitary measures, technical barriers to trade, intellectual property, rules of origin, internal taxation, anti-dumping and countervailing measures, safeguards, and balance of payments measures.
Turkeyeliminated customs duties on imports for all products originating in Bosnia-Herzegovina upon the entry into force of this Agreement, except for some meat and meat products which are listed in Annex II of the Agreement. Customs duties on all products imported into Bosnia-Herzegovina originating in Turkey were abolished as of 1 January 2007.
The products which will benefit from the preferential tariffs should fulfill the rules of origin set out in Protocol I of the Agreement.
When bilateral trade statistics were examined, it can be seen that the trade volume between Turkey and Bosnia Herzegovina was recorded as 363 million US$ in 2012. Compared to 2011, our imports from Bosnia-Herzegovina increased by 23,7% reaching 112 million US$, whereas our exports to Bosnia-Herzegovina declined by 6,5% falling to the level of 252 million US$.