The strategic objective of Bosnia and Herzegovina's foreign policy is to maintain positive and progressive relations with both the European Union and the United States of America. On occasion the goals of Bosnia's foreign policy in achieving these ends are in conflict. Reasons for that are the global political interests of the European Union and the United States of America and their security policies in this region which on occasion identify different priorities. However Bosnia and Herzegovina needs to respect lessons learned about the American historical role in this country and must consider its geopolitical position within Europe and establish a reasonable political balance between these two powers. There are many documents which confirm Bosnia and Herzegovina's orientation toward Euro-Atlantic integration and the European Union. Also bilateral cooperation between the United States of America and Bosnia and Herzegovina has been very intensive and has a stabile future. Those facts have been confirmed in the statements of many European American and Bosnian politicians. However not much has been written about Bosnia's position between these two global powers. This paper will review Bosnia's foreign policy objectives in regard to the European Union and the United States of America discuss the complications in implementing that policy and offer recommendation for the future.