The document discusses the benefits Croatia will see from joining the European Union. It notes that Croatian consumers will have access to better quality, lower cost products and capital will be more accessible due to EU rules. Entrepreneurs will find it easier to access capital. GDP per capita in Croatia is estimated to rise by 2.6% due to accession, and by an additional 8% if domestic reforms are successful. Industries like textiles and apparel are expected to expand.
The document discusses the benefits Croatia will see from joining the European Union. It notes that Croatian consumers will have access to better quality, lower cost products and capital will be more accessible due to EU rules. Entrepreneurs will find it easier to access capital. GDP per capita in Croatia is estimated to rise by 2.6% due to accession, and by an additional 8% if domestic reforms are successful. Industries like textiles and apparel are expected to expand.
The document discusses the benefits Croatia will see from joining the European Union. It notes that Croatian consumers will have access to better quality, lower cost products and capital will be more accessible due to EU rules. Entrepreneurs will find it easier to access capital. GDP per capita in Croatia is estimated to rise by 2.6% due to accession, and by an additional 8% if domestic reforms are successful. Industries like textiles and apparel are expected to expand.
1) The aims of the European Union within its borders are to
offer EU citizens freedom,
security and justice, without internal borders, while also controlling external borders. To work towards the sustainable development of Europe, promoting equality and social justice. To establish an economic union, with the euro as its currency.
2) As a consequence of accession, Croatian consumers will have access to more products
of better quality and at a lower cost. Families wanting to buy a house, or a new car, should be able to borrow money at a far lower rate thanks in particular to the free movement of capital. Member States must remove, with some exceptions, all restrictions on movement of capital both within the EU and between Members states and third countries. EU law also includes rules concerning facilitation of cross-border payments and the execution of transfer orders concerning securities. As a result, the access to capital for Croatian entrepreneurs should be much easier. The single market will offer new opportunities for partnership and networking with similar industries and sector within an enlarged EU. The accession of Croatia will also boost opportunities in terms of public procurement.
3) Consumption per capita in Croatia is estimated to rise by 2.6 percent as a result of
accession to the internal market. In particular, the textile and wearing apparel sectors expand. If Croatia successfully reforms its domestic institutions in response to EU membership, income levels in Croatia could increase even more. Tentative estimates suggest that gross domestic product per capita in Croatia could rise by an additional 8 percent.