Russian exports to Croatia increase
30 Nov, 2018
This was told by the Russian Minister of Agriculture Dmitry Patrushev during the 8th meeting of Russian-Croatian Intergovernmental Commission for Economic, Scientific and Technical Cooperation, which took place in Zagreb on November 30. The Head of the Ministry of Agriculture chaired the Russian part of the commission, the Croatian part was chaired by the Minister of Economy, Entrepreneurship and Crafts Darko Horvat.
The parties discussed a wide range of issues including cooperation in trade, investment, energy, tourism, science and agriculture. The Russian delegation was also represented by members of Ministry of Economic Development, Ministry of Energy, Ministry of Education and Science, as well as state corporations, who reported on the current status of interaction in designated areas and future opportunities for the development of relations between the countries.
“The level of political trust between the leadership of Russia and Croatia is the foundation for building multifaceted interaction in trade, economic, scientific and technical fields. According to the results of the nine months of 2018, the volume of mutual trade approached nearly $1 billion, which is 30% more compared to the same period last year. At the same time, Russian exports to Croatia increased almost 1.5 times, to $844.4 million. We expect that this trend will continue, and by the end of the current year our trade will show even greater growth”, said Dmitry Patrushev.
Energy remains key area of trade and economic relations. At the end of last year, energy accounted for the most of Russian exports to Croatia. As the Minister noted, Russian companies are ready for active joint work on the construction and modernization of the energy infrastructure of the Republic.
The other promising areas of the interaction between the countries are agricultural engineering and digitalization, Dmitry Patrushev noted. Russia seeks to actively develop investment cooperation with Croatia. So far, Russia has 24 enterprises with Croatian investments. According to the Minister, foreign companies organizing their production in Russia have plentiful opportunities, primarily related to entering the capacious market of the EEU states. Moreover, Russia provides foreign investors with a range of preferences, preferential tax regimes and provides assistance in accessing infrastructure.
At the end of the meeting, the head of the Ministry of Agriculture expressed his hope for active participation of the Croatian side in the St. Petersburg International Economic Forum in 2019, and also invited Croatia to visit the largest international industrial exhibition INNOPROM in Yekaterinburg.