Title: Bosnia and Herzegovina: foreign trade policy and foreign trade balance in terms of the EU association process

Authors: Marina Jerinić; Dijana Ćavar; Jelena Jurić

Addresses: Faculty of Economics, University of Mostar, Matice hrvatske bb 88000 Mostar, Bosnia and Herzegovina ' Faculty of Economics, University of Mostar, Matice hrvatske bb 88000 Mostar, Bosnia and Herzegovina ' Faculty of Economics, University of Mostar, Matice hrvatske bb 88000 Mostar, Bosnia and Herzegovina

Abstract: Bosnia and Herzegovina (B&H) is a small and open country specific by its complex administrative structure and many transitional problems. Unfortunately, the country has a continuous foreign trade deficit. Domestic companies' low competitiveness and many non-tariff barriers they are being exposed to on the international market are the main obstacles to the better position in the international trade. As other countries in the region, B&H has also expressed aspiration to join the European Union by the CEFTA and Stabilisation and Association Agreement (SAA). Integration is intertwined with trade-relations and progressive liberalisation may have unintended consequences. So, how does EU association process affect B&H's foreign trade balance? Analysis of B&H's foreign trade policy and foreign trade balance in the light of the EU association process and recommendation for foreign trade policy makers are given below.

Keywords: foreign trade balance; foreign trade policy; EU association process; deficit; Bosnia and Herzegovina; B&H.

DOI: 10.1504/IJDIPE.2018.094090

International Journal of Diplomacy and Economy, 2018 Vol.4 No.2, pp.139 - 171

Received: 20 Dec 2017
Accepted: 29 Apr 2018
Published online: 15 Aug 2018 *

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