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Interview: "16+1" mechanism provides ideal platform for BiH-China cooperation: former ambassador to China

Xinhua, May 3, 2016 Adjust font size:

The "16+1" cooperation mechanism between China and the Central and Eastern European countries provided an ideal platform to upgrade economic cooperation between China and Bosnia and Herzegovina (BiH), said Amel Kovacevic, a former BiH ambassador to China, here on Monday.

During an interview with Xinhua, Kovacevic, now director of retail department at Bosnia Bank International (BBI), noted it is "very helpful" for the bilateral relations to have the "16+1" platform.

"The platform provides new dynamics to economic cooperation between the two countries, and the two sides thus can develop very coherent and comprehensive strategies," he said.

Kovacevic, who was BiH Ambassador to China from 2010 to 2013, noted the "16+1" cooperation created a "win-win" situation for BiH and China. "We have lots of potentials for economic cooperation to explore, and this will be just the beginning," he said.

BiH can present huge projects to big Chinese companies in sectors such as infrastructures and energy, said the former BiH ambassador to China.

Chinese investors are ideal partners for BiH, "because Chinese companies can offer competitive market prices, know-hows and strong financing," he said.

Kovacevic said Chinese big companies have already succeeded in some projects, such as Stanari power plant, and there certainly will be more big projects in energy sector, transportation sector, etc.

The 300-megawatt power plant in northern BiH, which was constructed by China's Dongfang Electric Corporation, is expected to operate commercially from mid-2016.

Successful economic cooperation will greatly enhance cultural exchanges, thus pushing forward bilateral ties, he concluded.

Kovacevic also noted the coming seventh Sarajevo Business Forum (SBF) set for May 4-5 in Sarajevo will be a great opportunity to enhance economic cooperation as well as better understanding between China and BiH.

One of the largest business events in the region, the SBF this year will focus on "16+1" cooperation under the theme "One region, One Economy -- Perspectives China+16". Enditem