Fri. Oct 15th, 2021
Croatian visa-free USA travel can boost trade but there are problems

According to Tomislav Pili/Poslovni Dnevnik, Croatian visa-free travel to the United States, which will begin in December, will improve Croatia’s economic cooperation with the world’s largest economy, but the main impediment – double taxation – remains a huge issue, as the United States is one of the few countries with which Croatia has a trade surplus.

According to Andrea Grubisic, a senior expert associate in the International Affairs Department of the Croatian Chamber of Commerce (HGK), Croatian exports to the United States totaled 521.6 million dollars last year, about 13 percent more than in pre-pandemic 2019.

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Despite a rise in imports from the United States of 5.3 percent, a surplus of 323 million US dollars was realized, which is 18.2 percent more than the previous year. (The pattern persisted in the first six months of this year, thus Croatian exports to the United States grew by 93.6 percent, while the surplus on the Croatian side increased by about 53 percent,) Grubisic added.

However, the world’s largest economy is not a particularly important trading partner for Croatia.

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