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FREE TRADE AGREEMENT BETWEEN CROATIA AND YUGOSLAVIA READY FOR

ZAGREB, June 12 (Hina) - Croatia's agricultural and processing sector will be ready to sign a free trade agreement with the Federal Republic of Yugoslavia by late this year, Croatian Agriculture and Forestry Minister Bozidar Pankretic told a press conference after talks with the Yugoslav Agriculture Minister, Sasa Vitosevic, on Tuesday. The two ministers agreed economic cooperation between companies went much further than political decisions which should accelerate the cooperation process. Croatian companies, particularly the manufacturers of food-processing products, showed great interest in the accelerated signing of a free trade agreement between the two countries which should encourage the export of Croatian products to the Federal Republic of Yugoslavia, Pankretic said. Trade between Croatia and Yugoslavia, both overall and agricultural, is constantly increasing. In
ZAGREB, June 12 (Hina) - Croatia's agricultural and processing sector will be ready to sign a free trade agreement with the Federal Republic of Yugoslavia by late this year, Croatian Agriculture and Forestry Minister Bozidar Pankretic told a press conference after talks with the Yugoslav Agriculture Minister, Sasa Vitosevic, on Tuesday. The two ministers agreed economic cooperation between companies went much further than political decisions which should accelerate the cooperation process. Croatian companies, particularly the manufacturers of food- processing products, showed great interest in the accelerated signing of a free trade agreement between the two countries which should encourage the export of Croatian products to the Federal Republic of Yugoslavia, Pankretic said. Trade between Croatia and Yugoslavia, both overall and agricultural, is constantly increasing. In 2000, Croatia realised a favourable balance of US$77 million, with export of US$107 million, and import of over US$30 million. The most represented products in export are cigarettes, namely 50 percent of Croatia's overall agricultural export to the Federal Republic of Yugoslavia (over US$16 million). Cigarettes are followed by beverages, fish and beef meat cans, soups and Vegeta spice. Also established today was a commission which will solve issues of the vegetable production and veterinary. The two officials also discussed cooperation in border control and the protection of plants, as well as the solving of issues regarding forest management and hunting-grounds along the border line. Vitosevic stressed the Yugoslav Assembly will discuss a package of laws on privatisation, concessions and the protection of foreign investments. When asked about a possible building of Croatia's TDR plant in the northern Yugoslav province of Vojvodina, Vitosevic said the Yugoslav authority would not oppose foreign investments, adding it was up to companies to find a filed to invest in. (hina) it sb

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