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CRO-RUSSIAN COMMISSION FOR ECONOMIC COOPERATION MEETS IN ZAGREB

ZAGREB ZAGREB, April 7 (Hina) - The linking of oil pipelines between Croatia and Russia by installing a special transit corridor (via Belorussia, Russia, Ukraine, Hungary and Croatia), the increase of the natural gas supply to Croatia, and cooperation in the construction of a station for reloading oil products are the most promising directions of future economic cooperation between the two countries, Russian Economy Minister Andrei Shapovalyants said in Zagreb on Friday. Cooperation in construction and agriculture is also among those directions, Shapovalyants said, opening the second meeting of a Croatian-Russian government commission for cooperation in trade and economy and science and technology. Croatian Economy Minister Goranko Fizulic said the two countries were traditional partners and their economic cooperation would continue to develop. Croatia expects to become a member of
ZAGREB, April 7 (Hina) - The linking of oil pipelines between Croatia and Russia by installing a special transit corridor (via Belorussia, Russia, Ukraine, Hungary and Croatia), the increase of the natural gas supply to Croatia, and cooperation in the construction of a station for reloading oil products are the most promising directions of future economic cooperation between the two countries, Russian Economy Minister Andrei Shapovalyants said in Zagreb on Friday. Cooperation in construction and agriculture is also among those directions, Shapovalyants said, opening the second meeting of a Croatian-Russian government commission for cooperation in trade and economy and science and technology. Croatian Economy Minister Goranko Fizulic said the two countries were traditional partners and their economic cooperation would continue to develop. Croatia expects to become a member of the World Trade Organisation on May 3 this year, and it expects to sign a free trade agreement with most of CEFTA member-countries by the end of this year. In the first half of 2001 Croatia expects to sign an agreement with the European Union, Fizulic said, adding those documents would positively affect cooperation between Croatia and Russia. The Russian official said the cooperation between the two countries in the past two years had expanded to the area of transport, and voiced support for the expansion of cooperation to maritime and river transport and for the further development of military- technical and shipbuilding cooperation. Shapovalyants said the two governments and competent ministries should take measures for balancing foreign trade relations. In coming years Russia could import more medicines and deliver larger natural gas supplies to Croatia, especially in summer months, the Russian minister said, adding the gas supply Russia had delivered to Croatia last year amounted to 1.2 billion cubic meters whereas oil supply amounted to four million tonnes. Speaking about the regulation of Russia's debts toward former Yugoslav states, Shapovalyants said there were different interpretations as to the amount of the debt toward individual states. He suggested that the former Yugoslav states reach an agreement on the amount, adding Russia supported the idea of a multilateral agreement with the former Yugoslav republics. In the past decade Croatia lost the race with countries in transition, but it now wants to compensate for it, Fizulic said. He also announced that the privatisation of the banking sector, 'Croatia osiguranje' insurance company, Croatian Power Industry (HEP), and Croatian Oil Industry (INA) would continue this and next year, and that a power strategy for the next ten years would be drawn up. (hina) rml

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