Wednesday, 30 June 2021

Time to Strengthen Trade And Investments Between USA and Croatia - Conference

ZAGREB, 30 June, 2021 - The imminent visa waiver for Croatian citizens and the advanced negotiations on double taxation avoidance, are a good basis to strengthen trade and investments between the USA and Croatia, it was said on Wednesday at a conference on  doing business in the U.S. market. 

The hybrid conference was organised by the Croatian Employers' Association (HUP) in cooperation with the US Embassy in Croatia and two consulting companies -- the Armatus Prudentia and Trans-Atlantic Market Development -- which are engaged in helping Croatian businesses to come out on the US market.

The US Embassy's charge d'affaires, Mark Fleming, said that the US continued to be the best place for doing business in the world. With a market of 325 million consumers it is the most attractive and strongest consumer market in the world and it can help companies to build global success.

Fleming underscored Croatia's progress towards the aim of having the U.S. visa waiver program being applied on its citizens as well as the advanced negotiations on concluding a double taxation avoidance agreement.

It's time to strengthen bilateral trade and investments, the diplomat said and added that he expects more Croatian companies to explore the possibilities of doing business on the American market in the years to come.

He said that some Croatian companies were already doing business on the US market such as Infobip, Five, Infinum, HS Produkt, Šestan Busch, Dok-Ing and others.

HUP president Mihael Furjan thanked former US ambassador Robert Kohorst because huge steps were achieved during his ambassadorial term and as a result a double taxation avoidance deal should be signed soon.

Croatia mostly exports medicine and handguns to USA

Furjan said that Croatia's exports to the US were relatively low, and mostly involved medicine and handguns, however, there were at least 50 IT companies doing serious business in the USA.

"If you wish to come out on the global market to develop business then the most important step is entering the US market...if you succeed there you will succeed anywhere," said Furjan, underscoring the importance of competitiveness, cost efficiency and good ideas aimed at attracting consumers.

There are huge American investments in Croatia which are not that evident because many are coming via the Netherlands due to efforts to avoid double taxation, he said.

Businessman: easier to do business in USA than most European countries

Emir Avdić of the Trans-Atlantic Market Development company confirmed that the most popular pistol in the US is the one produced by HS Produkt in Croatia.

Avdić claimed that it is easier to do business in the US than most European countries. The US is known for its minimal red tape and it is quite easy and cheap to launch a business there, he added.

He cited low import tariffs compared with other markets, access to global supply chains which could facilitate accessing other markets like Canada and Mexico as advantages..

Mauro Lukić from the Croatian, Armatus Prudentia consulting firm said that the conference has motivated Croatian businesses to internationalise their business.

The wish is to strengthen economic relations with the USA, said Lukić, expressing hope that this will add a new rhythm and impact a gradual growth of Croatia's economy.

 For more about politics in Croatia, follow TCN's dedicated page.

Saturday, 25 May 2019

American Ambassador and Students Visit Successful Croatian Company

As Novac writes on the 25th of May, 2019, the headquarters of the Zagreb-based Q IT company were visited by US Ambassador W. Robert Kohorst, where the representatives of the Croatian company Q and the US Ambassador discussed their US business operations, projects and further plans.

Ambassador Kohorst, who comes from the business world, was particularly interested in Croatian Q's business strategy on the American market and what challenges they encountered. The conversation was also conducted in the spirit of bilateral relations between the United States of America and Croatia, with the aim that the US embassy could further assist Croatian companies with their operations in the United States, but also American investors here in Croatia.

''We're glad that we had the opportunity to host US Ambassador Kohorst and to Q and the projects we've worked for the US market to him. The exchange of knowledge and experience is crucial because those who can influence laws must first hear what's going on out in the field. That's why we were delighted to be able to share our experience with the ambassador,'' stated Filip Ljubic, CEO of Q.

In addition to the American Ambassador, Q was visited by three groups of American students from the Quinnipiac, Michigan and Redlands universities this year. For a total of 110 students who visited, the story of Q's success was their main interest, since Q grew by a staggering 4,000 percent in the last four years alone, and several of them expressed their personal desires to work in this Croatian company.

Across the Atlantic over in the United States, this Croatian company operates through its Los Angeles and New York offices, and they have so far successfully completed projects for leading American companies such as Coca-Cola, Facebook, Walmart, and the United States Postal Services.

In addition, last year in the United States, they were rewarded for the excellence of their brand, receiving the REBRAND 100® award alongside the likes of American HP and Cadillac.

Make sure to follow our dedicated Made in Croatia and business pages for much more.

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