Analyses of the trade relations between the Republic of North Macedonia and the Republic of Bosnia and Herzegovina

Miteva-Kacarski, Emilija and Lazarov, Darko and Cabuleva, Kostadinka (2025) Analyses of the trade relations between the Republic of North Macedonia and the Republic of Bosnia and Herzegovina. Proceedings of the 10th international conference of the Faculty of Economics Brcko “Perspectives of partnership between government, business and higher education institutions in fostering economic development”, “Global challеnges of the economy”, 10 (1). pp. 91-100. ISSN 978-99938-95-65-7

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Abstract

The trade of the Republic of North Macedonia with the Republic of Bosnia and Herzegovina takes place in accordance
with the multilateral regional agreement CEFTA 2006, which means that it is completely liberalized. Taking into
account this fact, in this paper it has been made an analysis of the value, dynamics and structure of the foreign trade
between the Republic of North Macedonia and the Republic of Bosnia and Herzegovina for the time period of 2014-
2023. It has been also analyzed the competitiveness of Macedonian products at the Bosnia and Herzegovina market
so that the product categories with a comparative advantage can be determined, using the Standard International
Trade Classification and the Balassa Index. The results of the analysis point to the fact the Republic of Macedonia
has a comparative advantage in the export of food and live animals, as well as the beverages and tobacco.
Key words: The Republic of North Macedonia, Republic of Bosnia and Herzegovina, CEFTA 2006 foreign trade,
comparative advantage, Balassa Index

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Emilija Miteva
Date Deposited: 14 Aug 2025 07:41
Last Modified: 14 Aug 2025 07:41
URI: https://eprints.ugd.edu.mk/id/eprint/36238

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