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Wuhan enhances exchanges with Bosnian enterprises

en.whkfq.gov.cn | Updated: 2024-03-28

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The Hubei (Wuhan)-Bosnia and Herzegovina Zenica-Doboj Canton Enterprise Matchmaking Conference is held on March 21 in the Wuhan Economic & Technological Development Zone. [Photo provided to en.whkfq.gov.cn]

On March 21, the Hubei (Wuhan)-Bosnia and Herzegovina Zenica-Doboj Canton Enterprise Matchmaking Conference was held in the Wuhan Economic & Technological Development Zone (WEDZ). The meeting aimed to promote bilateral economic and trade exchanges between China and Bosnia and Herzegovina under the framework of the Belt and Road Initiative.

The governor of Zenica-Doboj Canton and members of the Bosnia and Herzegovina delegation provided a comprehensive introduction to their local business environment, policies, and resources.

Visiting Wuhan for the first time, the governor was deeply impressed by the city, stating that Wuhan is a very beautiful city with well-developed infrastructure.  WEDZ is a fertile ground for European investment, with thriving industries such as automobiles and components. The cooperation between China and Europe in the automotive import and export fields has broad prospects.

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Members of the Bosnian delegation communicate with their Wuhan counterparts after the conference. [Photo provided to en.whkfq.gov.cn]

Bosnia and Herzegovina holds a strategic position in Central and East Europe and is one of the earliest countries in Europe to respond to the Belt and Road Initiative. The country offers broad investment prospects in metal mining, green energy, and wood processing, with advantageous tax rates and exchange rates.

Xie Qian, general manager of the European regional marketing center of Dongfeng Motor Co, introduced the company's projects during the meeting. Currently, the company has reached cooperation with Bosnian enterprises in fuel vehicles. In the future, it plans to introduce electric vehicle brands such as VOYAH and M-Hero into the Bosnian market.