Time to Strengthen Trade And Investments Between USA and Croatia – Conference

The hybrid conference was organised by the Croatian Employers’ Association (HUP) in cooperation with the US Embassy in Croatia and two consulting companies — the Armatus Prudentia and Trans-Atlantic Market Development — which are engaged in helping Croatian businesses to come out on the US market.

The US Embassy’s charge d’affaires, Mark Fleming, said that the US continued to be the best place for doing business in the world. With a market of 325 million consumers it is the most attractive and strongest consumer market in the world and it can help companies to build global success.

Fleming underscored Croatia’s progress towards the aim of having the U.S. visa waiver program being applied on its citizens as well as the advanced negotiations on concluding a double taxation avoidance agreement.

It’s time to strengthen bilateral trade and investments, the diplomat said and added that he expects more Croatian companies to explore the possibilities of doing business on the American market in the years to come.

He said that some Croatian companies were already doing business on the US market such as Infobip, Five, Infinum, HS Produkt, Šestan Busch, Dok-Ing and others.

HUP president Mihael Furjan thanked former US ambassador Robert Kohorst because huge steps were achieved during his ambassadorial term and as a result a double taxation avoidance deal should be signed soon.

Croatia mostly exports medicine and handguns to USA

Furjan said that Croatia’s exports to the US were relatively low, and mostly involved medicine and handguns, however, there were at least 50 IT companies doing serious business in the USA.

“If you wish to come out on the global market to develop business then the most important step is entering the US market…if you succeed there you will succeed anywhere,” said Furjan, underscoring the importance of competitiveness, cost efficiency and good ideas aimed at attracting consumers.

There are huge American investments in Croatia which are not that evident because many are coming via the Netherlands due to efforts to avoid double taxation, he said.

Businessman: easier to do business in USA than most European countries

Emir Avdić of the Trans-Atlantic Market Development company confirmed that the most popular pistol in the US is the one produced by HS Produkt in Croatia.

Avdić claimed that it is easier to do business in the US than most European countries. The US is known for its minimal red tape and it is quite easy and cheap to launch a business there, he added.

He cited low import tariffs compared with other markets, access to global supply chains which could facilitate accessing other markets like Canada and Mexico as advantages..

Mauro Lukić from the Croatian, Armatus Prudentia consulting firm said that the conference has motivated Croatian businesses to internationalise their business.

The wish is to strengthen economic relations with the USA, said Lukić, expressing hope that this will add a new rhythm and impact a gradual growth of Croatia’s economy.

 For more about politics in Croatia, follow TCN’s dedicated page.

 

Subscribe to our newsletter

the fields marked with * are required

Email: *
First name:
Last name:
Gender:	Male Female
Country:
Birthday:	[DD] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [MM] 1 2 3 4 5 6 7 8 9 10 11 12 [YYYY] 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Please don't insert text in the box below!