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Turkey’s Bolstering Economic and Political Relations with Bosnia and Herzegovina

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  • Farrukh Nawaz Kayani

    (Al Qasimia University, United Arab Emirates)

Abstract

Historically, the relations of Turkey with Bosnia and Herzegovina have remained very cordial, and friendly. The foreign policy of Turkey under President Erdogan has taken a new fresh route as the country has progressively asserted its influence in the Balkan region by benefiting from the common historical and cultural relations. Investing in infrastructure developments and educational sectors of the Balkan region under cultural diplomacy has helped Turkey to build its soft image. Turkish companies are actively investing in the various sectors and the industries of Bosnia and Herzegovina, including telecommunication, energy, transportation, health, tourism, construction, and banking, etc. Common history, geographic proximity, and Turkey's expanding economic importance, all these factors have resulted in boosting the Turkish investment in Bosnia and Herzegovina. Turkey is also trying to promote regional trade cooperation besides the bilateral trade agreements like the establishment of a trilateral economic discussion mechanism between Turkey, Bosnia-Herzegovina, and Serbia. This article has explained the historic and contemporary economic and political relations of Turkey with Bosnia and Herzegovina. The article also suggested that Turkey needs to employ a more transparent and effective policy towards Bosnia & Herzegovina by addressing some reservations of Bosnian people like the provision of more jobs in the infrastructural development projects. At the same time, Bosnian foreign policy towards Turkey also needs to take a stand for its own objectives, aspirations, and long-term goals.

Suggested Citation

  • Farrukh Nawaz Kayani, 2021. "Turkey’s Bolstering Economic and Political Relations with Bosnia and Herzegovina," Eurasian Journal of Social Sciences, Eurasian Publications, vol. 9(4), pages 198-205.
    • Handle: RePEc:ejn:ejssjr:v:9:y:2021:i:4:p:198-205
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    References listed on IDEAS

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    1. Farrukh Nawaz Kayani, 2017. "A Comparative Study Upon Chinese And Turkish Inward Foreign Direct Investment," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(1), pages 69-77.
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