Upon his arrival to our country, United States (U.S.) Deputy Secretary of State and U.S.President's Special Envoy for the Western Balkans, Gabriel Escobar, together with the US Ambassador, H.E. Eric Nelson and representatives of the US Embassy in BiH, met with members of the Board of Governors of the American Chamber of Commerce in BiH (AmCham BiH).

Mr. Escobar talked with representatives of AmCham BiH about the economic development and prosperity of Bosnia and Herzegovina, and the emphasis was placed on the fact that the economy does not know any divisions and that such rhetoric greatly harms the business community, retaining current and attracting new investments in Bosnia and Herzegovina.

Representatives of the business community agreed that businesses in BiH are looking for opportunities for cooperation, and the segments of possible development of our country are diverse - from the development of the energy sector, tourism, production, to various service industries in which there is potential for development, as well as the further development of the IT sector, which is already growing.

It is important to emphasize the significance of improvement of the processes and harmonization of laws and strategies, because the current complex administrative processes, bureaucracy, as well as various burdens and charges only hinder the opportunity for innovation and development. It is necessary to listen to the voice of the business community because it is the initiator of positive changes that should generate work and income to strengthen the workforce and create better working conditions for all BiH citizens, but also to stop the brain drain and motivate young and working people to stay in the country.

At the meeting it was emphasized that corruption in BiH is one of the burning problems, and that reliable application of the rule of law and improvement of all processes leading to digital transformation are needed.

Collective growth should be the result of joint action, and Mr. Escobar stressed that co-operation with regional economic communities is of great importance in order to identify opportunities and encourage leaders to focus on those opportunities and do more to create a single economic space in the Western Balkans.