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India and Croatia sign agreement on Economic Cooperation to boost bilateral trade

Updated: Feb 15, 2017 05:23:30am
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India and Croatia sign agreement on Economic Cooperation to boost bilateral trade

New Delhi, Feb 15 (KNN) India and Croatia has signed an agreement on Economic Cooperation to enhance bilateral trade between the two countries.

The agreement was signed by Commerce and Industry Minister Nirmala Sitharaman and Martina Dalic, Deputy Prime Minister and Minister of the Economy, Government of the Republic of Croatia on February 14, 2017 in Zagreb, Croatia.

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,” Ministry of Commerce said in a statement.

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.

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