Complex Made Simple

Kuwait, Bosnia trade exchange hits $7 million

Countries are “linked by old political relations based on friendship and mutual respect”: Official

The Kuwait Chamber of Commerce and Industry (KCCI) is keen to expand the horizon of trade cooperation with the Republic of Bosnia and Herzegovina in all fields, says a senior official.

According to the deputy chairman of KCCI, Abdulwahab Al-Wazzan, Kuwait and the Republic of Bosnia are linked by old political relations based on friendship and mutual respect. He points out that the time has come for these relations to impact trade and economic relations.

Al-Wazzan adds that the Kuwaiti and Bosnian trade size is still weak – not more than $7 million – and that does not include real estate deals carried out by some Kuwaiti citizens in the Republic of Bosnia, reports Kuwait-based Al-Qabas.

He believes that trade is supposed to be greater than it is now, especially since the Republic of Bosnia has several promising industrial sectors.

He reveals that some Kuwaiti companies seek partnerships with Bosnian industrial and commercial enterprises especially since their products have quality and competitive prices, noting that 90 per cent of Bosnian products are exported to Europe which confirms their quality.

($1= AED3.67, at the time of publishing)