BiH and China sign visa liberalization agreement at 16+1 summit in Budapest

Photo: EPA/Szilard Koszticsak

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BiH and China signed a visa liberalization agreement and agricultural cooperation in Budapest on Monday, within the 6th Summit of Prime Ministers of the Central and Eastern European Countries and China (16+1). BiH's electric power supply company 'Elektroprivreda BiH' and Chinese bank 'EXIM signed a loan agreement for construction of Bloc 7 at Tuzla coal-fired power plant.

Chairman of BiH Council of Ministers Denis Zvizdic said that BiH was one of the most noticed countries during the summit, which he assessed as a result of work and clear plan of development of relations with China and other countries of Central and Eastern Europe.

Photo: Council of Ministers of BiH

As for visa liberalization agreement, Zvizdic noted that this will surely lead to increased number of Chinese tourists in BiH, which has already significantly increased this year. According to him, China also recognized potentials of BiH in agriculture, which resulted in another agreement between the two countries. He deems that the loan agreement for construction of Bloc 7 is the most important of all three agreements and that it opens a possibility for further cooperation in energy sector. 

BiH Minister for Foreign Trade and Economic Relations Mirko Sarovic pointed out a statement by Chinese Prime Minister who said that that his country plans to invest a lot more in the countries of Central and Eastern Europe.

The 16+1 6th Summit was hosted by the Hungarian Prime Minister Victor Orban and besides China it gathered 11 EU member states, namely Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia and 5 other non-EU countries: Albania, Bosnia and Herzegovina, FYROMacedonia, Montenegro and Serbia.

All aforementioned countries "aim to invigorate and expand their cooperation on a wide range of areas, including but not limited to trade and investment, connectivity, finance, agriculture, science and technology, health, education, culture, people-to-people relations and local connections", reads the official site of the Summit.