Openness of Chinese Market Seen as Chance to Increase Croatian Exports

Total Croatia News

ZAGREB, November 6, 2019 – The openness of the Chinese market to imports is an opportunity which Croatia must take better advantage of, and Chinese companies are expected to increase their investment in Croatia, a Croatia-China business forum was told in Shanghai.

The forum, organised by the Croatian Chamber of Commerce (HGK), was held on the margins of the 2nd China International Import Expo. It involved 12 Croatian and 30 Chinese companies and was attended, among others by, Croatian Parliament Speaker Gordan Jandroković, Economy Minister Darko Horvat, Agriculture Minister Marija Vučković and HGK President Luka Burilović, the HGK said in a press release on Wednesday.

Jandroković called on Chinese companies to invest in Croatia and said that Croatia wanted to increase exports to China and balance out trade. He said that B2B talks would further contribute to business cooperation between the two countries, notably to boosting Croatian exports to China and Chinese investment in Croatia and increasing the number of Chinese tourists visiting Croatia.

Horvat said that Croatia was moving up in the global competitiveness rankings and that this was proof that it was becoming easier to do business in Croatia. He said that the Chinese economy was interesting not just because of its size but also because of its focus on investment in research and development.

“That’s why they are among the global leaders in innovations, which are the foundation of and key to further growth in all countries,” Horvat said, stressing that Croatia had been declared the most desirable European travel destination in China last year. “That is certainly a great recognition for our country. However, our intention and our mission is to do all we can in order for Croatia to be recognised as a desirable investment destination as well,” he added.

Burilović said economic relations between Croatia and China were improving and that Croatia should take better advantage of the openness of the Chinese market to imports.

Last year Croatian-Chinese trade exceeded 1 billion dollars, which proves that Croatia can be competitive on such a large market, Burilović said.

Assistant Tourism Minister Frano Matušić highlighted the importance of the Chinese market to the Croatian tourism industry. “The potential is huge. We believe in even better results, and last year they were 20 percent better than the previous year, which was a record year,” he said.

More news about relations between Croatia and China can be found in the Business section.


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