Agreement between the Government of the Republic of India and the Government of the Republic of Croatia on Economic Cooperation was signed by Commerce and Industry Minister Smt. Nirmala Sitharaman, Government of India and Ms. Martina Dalic, Deputy Prime Minister and Minister of the Economy, Government of the Republic of Croatia on 14th February, 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.

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.

Economic cooperation agreement strengthens bilateral trade framework and renews cooperative mechanisms between India and Croatia. An Agreement on Economic Cooperation between the Governments of India and Croatia was signed to renew and establish a bilateral framework to promote and develop trade and economic relations, serving as continuity after the prior Trade and Economic Cooperation Agreement expired, and to consolidate governmental cooperation for sustained commercial engagement.