Source: IBEF.org, Aug 11, 2016
New Delhi: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratification of an Agreement between India and Croatia on Economic Cooperation.
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. Signing of the new Agreement between India and Croatia would be a step in continuity as the existing Agreement expired in November, 2009.
India’s bilateral trade with Croatia during 2012-13, 2013-14 and 2014-15 were US$ 152.01million, US$ 148.86 million and US$ 205.04 million respectively. The average bilateral trade growth was 17.44% during the last three years.