Cabinet approves agreement between India, Croatia on Economic Cooperation

The cabinet has given its approval to sign an agreement for economic cooperation between Indian and Croatia. The Union Cabinet chaired by the Prime Minister 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 $152.01 million, $148.86 million and $205.04 million respectively. The average bilateral trade growth was 17.44% during the last three years.