The Union Cabinet has given its approval for signing and ratification of an Agreement between India and Croatia on Economic Cooperation.
Decision in this regard was taken by the Union Cabinet Meeting chaired by the Prime Minister Narendra Modi in New Delhi.
- India and Croatia had signed an Agreement on trade and economic cooperation earlier in September, 1994 with an aim to promote and develop bilateral trade and economic relations.
- The new Agreement between both countries is a step in continuity as the earlier Agreement expired in November 2009.
- India’s bilateral trade with Croatia was US$ 152.01million (2012-13), US$ 148.86 million (2013-14) and US$ 205.04 million (2014-15). The average bilateral trade growth was 17.44% during these three years.