February 1, 2018

Attracting Canadian Investments to the Republic of Croatia was the main topic of the meeting with the representatives of Canadian-Croatian business network

Managing Director of the Agency for Investments and Competitiveness, Mr. Zdenko Lucić and his associates met with the representatives of the Canadian-Croatian Business Network, Mr. Gordan Šamija, Mr. Mike Prpić and Ms. Linda Zanela.
The main topic of the meeting was the intensification of relations and further co-operation on attracting Canadian investments to the Republic of Croatia since the total amount of the direct investments from Canada to the Republic of Croatia from 1993 to the 3Q 2017 was only 8 million euros.
On the other hand, Canadian foreign direct investments are increasing every year, and in 2016 they accounted for 856 billion euros, out of which 23.4% were in Europe. On September 21, 2017, the provisional application of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada entered into force. The CETA agreement should increase the exchange of services, commodities, and investments between Canada and the EU, and therefore also Croatia, and abolish almost all customs duties on trade between the two sides.