India and Croatia plan to take their economic cooperation to the next level.
An agreement to this effect was signed between the Indian Government and the Government of the Republic of Croatia by Commerce and Industry Minister Nirmala Sitharaman and Martina Dalic, Croatian Deputy Prime Minister and Minister of the Economy on 14th February, 2017 in Zagreb, Croatia.
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India and Croatia had earlier signed an Agreement on Trade and Economic Cooperation in September, 1994 with an aim to promote and develop bilateral trade and economic relations. The present Agreement between India and Croatia would be a step in continuity as the last one expired in November, 2009.
India’s bilateral trade with the Republic of Croatia during 2013-14, 2014-15 and 2015-16 were US$ 148.86 million, US$ 205.04 million and US$ 148.44 million respectively. The bilateral trade during the last three years has remained stable despite global slowdown. Both the nations believe that their economic cooperation holds much potential and wish to explore it to the hilt.
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