At the 2002 general election, Šarović was elected as Serb member of the Bosnian Presidency, serving in office only until 2003, when he resigned amid allegations of his involvement in organising illegal military trading with Iraq. From 2012 to 2013 and again from 2015 to 2019, he served as Minister of Foreign Trade and Economic Relations.
In 2019, Šarović became the new president of the Serb Democratic Party (SDS). At the 2022 general election, he once again ran for a seat in the Presidency as a Serb member, but was not elected. Following the election, Šarović resigned as president of the SDS.
On 23 June 2022, Šarović announced his candidacy in the Bosnian general election, running again for Bosnia and Herzegovina's three-person Presidency member, representing the Serbs.[5] At the general election however, held on 2 October 2022, he was not elected, obtaining 35.45% of the vote, with Alliance of Independent Social Democrats candidate Željka Cvijanović getting elected with 51.65% of the vote.[6] Following his defeat and a poor showing of the SDS in the election as well, Šarović announced his resignation as president of the party in November 2022.[7]
Personal life
Mirko was married to Stojanka Šarović and together they had two children.[8] On 11 February 2024, his wife committed suicide at their home in East Sarajevo.[9]