Egypt and Bosnia sign three agreements

Egypt and Bosnia signed two agreements encouraging and protecting mutual investments and enhancing economic, scientific and artistic cooperation.

Egypt's minister of state for planning and international cooperation, Zafer El-Beshri signed the two agreements for Egypt and Minister of Foreign Commerce Mirsad Kurtovich for Bosnia - Herzegovina.

The first agreement established a common committee between the two countries to evaluate economic relations and solve the problems that hinder the development of economic cooperation between the two countries.

The second agreement gives guarantees to investors in the two countries. The guarantees include protection from government nationalization acts and giving investors fair compensation in cases of expropriation of public interests.

A third agreement for developing commercial relations was also signed between the two countries. This agreement provides each state the right of sponsorship and encourages increasing commercial exchange of goods and services.