POST Online Media Lite Edition



 

Bulgaria, China look at broadening investment, trade

Staff writer |
Chinese Ambassador to Bulgaria Wei Jinghua said the support of the state leaders would help expand trade and economic cooperation between the two countries.

Article continues below






Addressing the opening ceremony of the Bulgaria-China business forum, Mr. Wei said bilateral trade in 2012 had doubled compared to 2009, and that China had become Bulgaria's third largest trading partner outside the EU. According to him, Bulgarian products such as yogurt, wine and rose oil had a good reputation in the Chinese market, while corn, alfalfa, dairy products and tobacco had great potential for export to China.

In 2012, Chinese direct investment to Bulgaria increased fourfold compared to 2009, covering areas such as information technology, energy, environmental protection, chemical industry, cars and agriculture, said Mr. Wei.

Bulgaria's Deputy Minister of Economy and Energy Anna Yaneva said her country was grateful for the active policy and practical actions that the Chinese side has been taking to encourage Chinese companies and expand their presence in the region and particularly in Bulgaria.

Evgeniy Ivanov, executive director of the Bulgarian Small and Medium Enterprises Promotion Agency, which co-organized the event together with the Trade Development Bureau of the Chinese Ministry of Commerce, said untapped potential for growth and diversification of bilateral trade existed between Bulgaria and China.


What to read next

Sri Lanka to focus on China
Bulgaria aims to restore trade volume with Russia to pre-ban levels
Bulgaria to build new $236m gas corridor with Romania and Greece