Croatia and Australia Sign Trade and Economic Agreements
Croatia and Australia have recently signed a number of trade and economic agreements, which are expected to boost cooperation between the two countries. The agreements were signed following a meeting that took place in Zagreb, the capital of Croatia, between the Croatian Prime Minister, Andrej Plenković, and the Australian Prime Minister, Scott Morrison.
The two countries agreed to strengthen their economic ties by boosting trade and investment, promoting innovation and entrepreneurship, and supporting small and medium enterprises. They also agreed to cooperate more closely in areas such as science and technology, education, and tourism.
One of the key agreements signed between the two countries was a Double Taxation Agreement, which aims to prevent double taxation of income earned by residents of one country in the other country. This agreement is expected to make it easier for Croatian and Australian companies to do business in each other`s countries.
Another agreement signed was the Memorandum of Understanding on Cooperation in the Field of Innovation, Science and Technology. This agreement is aimed at promoting joint research and development projects between Croatian and Australian companies, particularly in the areas of biotechnology, artificial intelligence, and renewable energy.
The Croatian and Australian Prime Ministers also signed a Joint Declaration on Strategic Partnership, which aims to strengthen the overall relationship between the two countries. The declaration covers a wide range of issues, including political, economic, and security cooperation, as well as cultural and people-to-people ties.
Overall, the agreements signed between Croatia and Australia are expected to bring significant benefits to both countries. By working together more closely, the two countries can create new opportunities for trade and investment, promote innovation and entrepreneurship, and foster greater understanding between their people.