Economic Growth and Trade: Balkans

Department for International Trade written question – answered on 4th January 2022.

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Photo of The Earl of Dundee The Earl of Dundee Conservative

To ask Her Majesty's Government what plans they have to lead new initiatives to sustain (1) trade, and (2) economic growth, in (a) Bosnia and Herzegovina, and (b) the Western Balkans.

Photo of Lord Grimstone of Boscobel Lord Grimstone of Boscobel The Minister of State, Department for International Trade, The Minister of State, Department for Business, Energy and Industrial Strategy

The Government has signed Trade, Partnership and Cooperation Agreements with Serbia, North Macedonia, Kosovo and Albania, supporting jobs and economic growth, allowing us to build on our trade and investment relationships. UK Export Finance is also an important part of our offer to the region, providing competitive financing for large infrastructure projects.

With Bosnia and Herzegovina, we are working to secure a Partnership, Trade and Cooperation Agreement that will ensure preferential terms of trade between the UK and Bosnia and Herzegovina and promote stability and prosperity in the region. We are keen to conclude this as soon as possible.

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