Bosnia and Herzegovina, Turkey, to sign Military Cooperation worth 60 Million BAM

May 29, 2020 8:45 AM

 

The Council of Ministers of Bosnia and Herzegovina has determined the Proposal of the basis for initiating the procedure for conducting negotiations for the purpose of concluding the Agreement on Military-Financial Cooperation and the Implementation Protocol on Financial Assistance between BiH and Turkey.

The value of funds planned by this project according to the current exchange rate is approximately 60 million BAM, Klix.ba news portal reports.

In accordance with the provisions of this agreement and the Implementation Protocol, updated project proposals will be sent to the Republic of Turkey, including the type, quantity and technical specifications of materials, and their implementation would significantly contribute to resolving the issue of equipment, modernization and capability of Bosnian defense system.

Also, funds are planned for the education of members of the Armed Forces of BiH in Turkey.

 

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