BOSNIAN COMPANIES URGED TO PARTICIPATE MORE ACTIVELY AT LIBYAN MARKET

SARAJEVO, Bosnia (May 15,2008) – The Bosnian President Haris Silajdzic stated yesterday that the Libyan officials want Bosnian companies to participate in construction and reconstruction of, primarily, Bosnian infrastructure, and that about 140 billion US Dollars will be invested in the following five years.President Silajdzic stated in the Bosnian capital Sarajevo that he met with the highest Libyan officials and that readiness was expressed for promotion of overall relations, primarily economic cooperation.

According to him, signing of the agreement on promotion and protection of foreign investments needs to be signed by the end of this year, as well as double taxation evasion agreement and agreement on scientific and technical cooperation.

President Silajdzic emphasized that readiness of the Libyan side to employ a number of medical workers and expand cooperation in the sector of pharmaceutical industry exists.

Cooperation between the two countries’ universities has been initiated, as well as the second session of Joint Committee by the end of 2008.

Contacts at the minister level will continue in June, for the purpose of accelerating all those processes.

SThe Bosnian President Haris Silajdzic met in Libya,this week, with President Moammer el-Gaddafi, Libyan Prime Minister El Baghdadi el-Mahmudi, Speaker of Libyan Parliament Miftah Muhamed Keib and other high officials.

A delegation of the several Bosnian companies also visited Libya with the President Silajdzic.
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