In an effort to diversify its commerce partnerships and discover new markets, India has actively engaged with Croatia and the Netherlands. Commerce Secretary Sunil Barthwal met Zdenko Lucic, State Secretary for International Commerce and Improvement on the Ministry of International And European Affairs in Zagreb, on April 22, 2025, strengthening bilateral commerce ties and exploring funding alternatives, a publish on social media platform X by the Indian embassy in Croatia, stated.
“Group India and Croatia engaged in fruitful discussions throughout the assembly,” the publish by India In Croatia learn.
Commerce Secretary Barthwal additionally held a gathering with the Netherlands’s DG International Financial Relations Michiel Sweers and mentioned the methods to forge a robust bilateral commerce relationship and financial ties.
“Commerce Secretary Mr. Sunil Barthwal & Ambassador @ktuhinv met DG International Financial Relations Mr Michiel Sweers in The Hague to debate strengthening – bilateral commerce & financial ties. Discussions targeted on enhancing collaboration by way of the Joint Commerce & Funding Committee (JTIC) and advancing strategic financial cooperation,” India within the Netherlands stated within the X publish.
Amid the worldwide commerce tensions and uncertainties, India is making an effort to diversify its commerce locations throughout the globe. Indian officers and leaders need to capitalise on rising markets resembling Croatia amid shifting world financial dynamics. Croatia can also be necessary for India as a result of lately, the nation re-elected President Zoran Milanovic. Throughout his go to, Commerce Secretary Barthwal additionally held a gathering with key Trade leaders.
The Netherlands is India’s eleventh largest merchandise buying and selling companion on the earth and the biggest within the European Union throughout FY 2023-24.
The entire merchandise commerce with the Netherlands stood at USD 27.333 billion (Rs 226,360 crores) throughout FY 2023-2024, accounting for two.45 per cent of India’s whole merchandise commerce.
India has a commerce surplus of USD 17.40 billion (Rs 144,160 crores) with the Netherlands. For FY 2024-25 (April-Nov), the Netherlands is India’s ninth largest merchandise buying and selling companion, with a complete commerce of USD 19.62 billion (INR 164,407 crores) and a commerce surplus of USD 12.971 billion (Rs 108,545 crores).
The Netherlands is India’s largest merchandise export vacation spot in Europe and the third largest on the earth (after the USA & UAE). Within the FY 2023-2024, India exported USD 22.367 billion (Rs 185,260 crores) value of products to the Netherlands.
