Agreement Between India and Croatia on Economic Cooperation (Download PDF)

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Union Cabinet chaired by PM Narendra Modi has given its approval of an Agreement between India and Croatia on Economic Cooperation. Step to improve India’s trade relations with eastern and central European countries.

Economic Cooperation agreement

Economic Cooperation Agreement

Economic Cooperation agreement

Highlights

  • Agreement was signed by Nirmala Sitharaman, Commerce and Industry Minister and Martina Dalic, Deputy Prime Minister and Minister of Economy of Republic of Croatia.
  • India and Croatia had earlier signed an agreement on Trade and Economic Cooperation in September 1994 its aim was to promote and develop bilateral trade and economic relations.
  • India’s bilateral trade with Croatia during financial years 2013 - 14, 2014 - 15 and 2015 - 16 were USD 148.86 million, USD 205.04 million and USD 148.44 million respectively.
  • Trade during last three years has remained stable between both countries despite global slowdown.
  • India needs support of countries like Croatia to achieve its goal of UN permanent membership.
  • Step towards to improve its trade relations with eastern and central European countries.

About Croatia

Location of Croatia dark green– in Europe

Location of Croatia Dark Green– in Europe

Location of Croatia dark green– in Europe

  • Croatia is an Eastern European country with a long coastline on Adriatic Sea.
  • Capital: Zagreb
  • Currency: Croatian kuna (HRK)
  • Religion: Roman Catholic, Orthodox
  • President: Kolinda Grabar-Kitarovic
  • Prime minister: Andrej Plenkovic
  • Government: Unitary parliamentary constitutional republic
  • Service sector dominates Croatia’s economy, followed by industrial sector and agriculture.
  • Agriculture of: Wheat, corn, sugar beets, sunflower seed and livestock
  • Tourism is a significant source of revenue during summer.
  • Croatia ranked 18th most popular tourist destination in world.
Image shows Flag of Croatia

Image Shows Flag of Croatia

Image shows Flag of Croatia

- Published/Last Modified on: March 17, 2017

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