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HOME > China-Croatia Relations > Economy and Trade
  • Economy and Trade(2020-09-03)
Economy and Trade
2020-09-03 02:42

The Government of the People’s Republic of China and the Government of the Republic of Croatia have established mechanisms such as the Economic Joint Committee. The two governments have signed a number of cooperation documents including a Memorandum of Understanding on Belt and Road cooperation, “Agreement on Economy and Trade”, “Agreement Concerning the Encouragement and Reciprocal Protection of Investments”, “Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income”, a Memorandum of Understanding on the feasibility study on the establishment of Chinese-Croatian Economic and Technological Zone”, a Memorandum of Understanding between the Ministry of Commerce of the People’s Republic of China and the Ministry of Economy and the Ministry of Entrepreneurship and Crafts of the Republic of Croatia on the Establishment of a Joint Investment Cooperation Working Group under the Frame of the Joint Commission on Economic Cooperation. 

In June 2019, Han Changfu, the Minister of Agriculture and Rural Affairs of China, paid a visit to Croatia. In November 2019, Marija Vučković, the Minister of Agriculture of Croatia, visited China.

In April 2023, Frano Matušić, State Secretary of the Ministry of Foreign and European Affairs of Croatia, visited China to hold political consultations at Vice Foreign Minister level. Matušić held talks with Ling Ji, Vice Minister of Commerce and the Deputy Representative of China International Trade, and exchanged views on economic and trade cooperation. Matušić also met with Wang Lingjun, Vice-Minister of the General Administration of Customs, and exchanged views on deepening cooperation on customs inspection and quarantine. Later in September , Li Hongzhong, Member of the Political Bureau of the CPC Central Committee and Vice-Chairman of the Standing Committee of the National People’s Congress, led a delegation from the National People’s Congress to visit Croatia, during which the two sides reached a broad consensus on promoting pragmatic cooperation in various fields including infrastructure, new energy, culture and tourism.

According to statistics from the General Administration of Customs of the People’s Republic of China, the trade volume between China and Croatia amounted to 2.533 billion U.S. dollars in 2023, with a yearly increase of 5.2%. Of this, the volume of China’s imports from Croatia amounted to 137 million U.S. dollars, decreasing 13.8% year-on-year. The volume of China’s exports to Croatia reached 2.396 billion U.S. dollars, increasing 6.6% year-on-year. The main products imported from Croatia to China included timber, variable resistors, stone, vehicle body parts and accessories, and aluminum foil, while the main exports from China to Croatia comprised photovoltaic cells, electronic cigarettes, air conditioners, steel plates, and toys.

Currently, Chinese investment projects in Croatia include Senj Wind Farm invested and built by Norinco International, China Auyuan Group’s investment in Zadar Port; the construction of the FACC Aviation Component Assembly Factory invested by the Aviation Industry Corporation of China (AVIC), Camel Group’s investment in Rimac Automobile, China International Marine Containers Group’s investment in ZIEGLER Firefighting Vehicles, Panda Books, a wholly-owned subsidiary of Jiangxi 21st Century Publishing Group. In terms of contracted engineering projects undertaken by Chinese companies in Croatia, China Road and Bridge Corporation (CRBC) undertook the construction of the Peljesac Bridge and its connecting lines as well as the Split-Wučevica Road Connection Project. Jiangsu Power Design Institute Co. Ltd. of China Energy Engineering Group is repsponsible for the construction of the Rijeka Wastewater Treatment Plantt. Norinco International is responsible for the construction of the Silver Moutnain Project in Zagreb and the Drainage Pipeline Project in Split, and etc. Additionally, companies such as Huawei Technologies Croatia Limited Company, Hiseas Group Continental Tours, and BGI Genomics Company, also are engaged in business cooperation in Croatia.

Conversly, Croatian cooperation projects in China include TBEA Končar (Shenyang) Instrument Transformator Co., XCMG DOK-ING Robotics Co.Ltd., Infobip Information Technology (Shanghai) Limited Company, UNILINE Shanghai Branch Office, etc.


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