The E?ects of the European Union Enlargement on Foreign Trade of Bosnia and Herzegovina


  • Milenko Krajišnik Faculty of Economics, University of Banja Luka
  • Aleksandra Krčmar Republic of Srpska Securities Commission



Bosnia and Herzegovina, the European Union, enlargement policy, foreign trade, economic growth


In times of globalization, there is a worldwide trend of creating various regional economic integrations which aim to benefit for their members. Almost all of the countries belong to or aspire to belong to a group. One of them is Bosnia and Herzegovina. As a member of CEFTA since 2006, Bosnia and Herzegovina has built its foreign trade position together with other members, with which it has had exceptionally immense level of cooperation. Bosnia and Herzegovina is committed to joining the European Union, but the accession process is facing a lot of difficulties and going slowly, so that the time of receiving full membership is completely uncertain. Croatian withdrawal from the zone of free trade for the sake of joining the European Union has had inevitably serious consequences for the rest of the countries, re?ected in decreasing the volume of mutual trade, stricter standards for export and di?erences in tari? and non-tari? barriers relative to those that existed during the membership in the same integration. At the same time, there is a change for the new member of the European Union, which improves its trade relations with foreign countries and confirms some theoretical standpoints on the e?ects of regional integration. Although mostly positive, these e?ects are not equally distributed to all members of the European Union.

The aim of this study is to investigate the e?ects of the European Union enlargement on the foreign trade positions of new member states, as well as the countries which are in the accession process and have a significant exchange with the European Union. Trough the analysis of indicators of the member countries, a possible direction of foreign trade development of Bosnia and Herzegovina on its path towards full membership in the European Union is presented.


Агенција за статистику Босне и Херцеговине. „Робна размјена БиХ с иностранством“ за 2011, 2012, 2013, 2014. и 2015. годину. Retrieved on 20.12.2016 from

Balassa, B. (1961). The Theory of Economic Integration. Richard D. Irwin, Inc.

Croweley P. (2002). Before and Beyond EMU. London: Rantledge.

Државни завод за статистику Хрватске „Статистички љетопис Републике Хрватске 2016“. Retrieved on 13.01.2017 from

Ковачевић, P. (2000). Еуро и светска привреда. Београд: Институт за спољну трговину.

Крајишник, М; Томаш, Д. (2014). Утицај спољне трговине на економски раст Републике Српске. Acta Economioca, 12(20), 125-154.

Крајишник, М. (2013). Спољна трговина Босне и Херцеговине и проширење Европске уније. Бања Лука: Сварог

Krugman, P.; Obstfeld, M. (2008). International Economics: Teory and Policy. New Jersey: Prentice Hall.

Кругман, П. (2012). Окончајте ову депресију. Одмах. Смедерево, Београд, Хеликс: Интеркомерц

Maklup, F. (1950). International Trade and the National Income Multiplier, Philadelphia: Te Blakiston Company

Николић, Г. (2005). Утицај Спољне трговине на економски раст. Економски анали, 165, 145-164.

Пикети, Т. (2015). Капитал у 21. веку. Нови Сад: Академска књига

Поповић, Г. (2016). Економија Европске уније. Бања Лука: Економски факултет

Romer, D.; Frankel, A. (1999). Does Trade Cause Growth?. The American Economic Review. 89(3), 379-399.

Samuelson, P. (1962). Te Gains from International Trade Once Again. The Economic Journal, 72(288), 820-829.

Стиглиц, Џ. (2013). Слободан пад; Америка, слободна тржишта и слом светске привреде. Нови Сад: Академска књига

Varufakis, J. (2016). Trpite ono što morate?; povijest Evropske unije i njezina budućnost. Zagreb: Standorf

Вукмирица, В.; Шпирић, Н. (2014). Европска и евроазијска унија. Источно Сарајево: Завод за уџбенике и наставна средства

Вукмирица, В.; Шпирић, Н. (2005). Економска и монетарна интеграција Европе. Бања Лука: Економски факултет

Шпирић, Н. (2010). Европска унија, услови и условљавања. Бања Лука: Економски факултет

Државни завод за статистику Хрватске. Retrieved on 11.01.2017 from Trade Organisation. Retrieved on 12.12.2016 from Retrieved on 12.12.2016 from

The World Bank DataBank. Retrieved on 12.12.2016 from




How to Cite

Krajišnik, M., & Krčmar, A. (2017). The E?ects of the European Union Enlargement on Foreign Trade of Bosnia and Herzegovina. Acta Economica, 15(26), 103–122.



Original Scientific Papers