Wednesday, September 26, 2007

OHR WELCOMES CEFTA RATIFICATION BY BOSNIAN PARLIAMENT

SARAJEVO, Bosnia (26.September,2007) – The International Community's High Representative in Bosnia welcomed the approval for the ratification of CEFTA by the Bosnian Parliament yesterday.The Agreement will contribute to increased competitiveness and help attract direct foreign investments by applying international trade system rules,the Office of the International Community's High Representative in Bosnia (OHR) stated.

All these are preconditions for creating new jobs and fostering economic prosperity in Bosnia.The development of a functioning market economy is also key requirement for Bosnia's European integration,the OHR said.

By joining forces with other countries to create a regional free trade zone, Bosnia is following in the footsteps of the founding members of CEFTA, who have all since become full members of the EU and enjoy standards of living that are incomparably higher than they were a decade ago,the OHR said.

The International Community's High Representative in Bosnia now looks forward to a speedy completion of the ratification procedure by the Bosnian Presidency,the OHR concluded.

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