ECONOMY

Croatia’s entry to EU to boost bilateral trade

Croatia’s accession to the European Union is creating new conditions for bilateral and regional trade in the broader region, according to the Panhellenic Exporters Association.

On the occasion of Croatia officially becoming the EU’s 28th member on Monday, the association issued a statement on Greek-Croatian bilateral commerce while also announcing that a special informative event will take placeon that issue next Tuesday.

“The European family is growing and with it grows the best market for Greek products. The accession of Croatia to the EU creates new conditions for bilateral and intra-regional commerce in the broader region,” the association’s president, Christina Sakellaridi, stated.

Data collected by the exporters’ group show that Greek exports to Croatia have been in decline for the last five years, amounting to just 39.57 million euros in 2012, the lowest in recent years. As a result Croatia has dropped to 61st spot among the markets that Greece exports to, with its share accounting for no more than just 0.14 percent of Greek exports. On the other hand, imports to Greece from Croatia have kept growing over the last five years, reaching 80 million euros in 2012.