PULA, April 28 (Hina) - Croatia's Deputy Economy Minister Neven Mimica on Friday told Istrian businessmen in Pula that "Croatia should be admitted into the World Trade Organisation (WTO) in one or two months". Therefore Croatia needs
four to five billion US dollars of direct foreign investments into the production to initiate progress in the economy, the Deputy Minister assessed. He added that this was a part of the Croatian Government's programme aimed at creating competitive production and marketing of Croatian goods in central and western Europe. Mimica explained that "for a small country with a small market like Croatia, to be outside the WTO means to suffer from economic and even political isolation." He said that 85 percent of the world trade proceeded through the WTO. The main obstacle in Croatia's accession into the WTO is that the European Union and th
PULA, April 28 (Hina) - Croatia's Deputy Economy Minister Neven
Mimica on Friday told Istrian businessmen in Pula that "Croatia
should be admitted into the World Trade Organisation (WTO) in one or
two months".
Therefore Croatia needs four to five billion US dollars of direct
foreign investments into the production to initiate progress in the
economy, the Deputy Minister assessed.
He added that this was a part of the Croatian Government's programme
aimed at creating competitive production and marketing of Croatian
goods in central and western Europe.
Mimica explained that "for a small country with a small market like
Croatia, to be outside the WTO means to suffer from economic and
even political isolation."
He said that 85 percent of the world trade proceeded through the
WTO.
The main obstacle in Croatia's accession into the WTO is that the
European Union and the United States have been making opposite
requests to Zagreb in the liberalisation of the audio-visual
services.
(hina) ms