In this case, it is much like Weatherby - CZ is marketing the shotgun made for them by someone else. My S&W Elite Gold is a Turkish gun, but it was built by a different company - UTAS - and it is quite reliable and a joy to shoot (they also made the Kimber SXS)
Thjere are a LOT of guns made for folks - Springfield's XD pistols in Croatia, Remingtons in Russia, etc....even some of the better English guns are made for them in italy.
Hopefully Huglu will keep getting better - they have come a long way since they started, but, IMO, they still have a long way to go. (It DID take the Japanese a long time to make quality cars), so they'll get there - they have the equipment, perhaps their labor force needs some maturing and more experience.
If all you are going to do with a Huglu is some minor hunting - it MAY do OK.....but if you are going to rely on it for thousands of rounds a year, there are better choices with better reps for quality