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Significant Potential Exists for Activation of Trade and Economic Relations Between Bulgaria and China

Significant Potential Exists for Activation of Trade and Economic Relations Between Bulgaria and China

There is significant potential to improve trade and economic relations between Bulgaria and China. This became clear during a meeting between the Minister of Economy and Industry, Dr. Petko Nikolov, and the Ambassador of the People’s Republic of China to Bulgaria, Her Excellency Ms. Dai Qingli.

The two discussed the possibilities for improving bilateral economic relations. “Even though trade reached nearly USD 4 billion in 2023, there are still untapped opportunities to further expand Bulgarian exports to China,” emphasized Dr. Nikolov.

The meeting also discussed the possibilities of holding a session of the Bulgarian-Chinese Intergovernmental Joint Commission for Economic Cooperation next year. As Minister Nikolov said, it is an important mechanism for developing trade relations between the two countries.

Significant Potential Exists for Activation of Trade and Economic Relations Between Bulgaria and China

The Minister of Economy and Industry proposed that a bilateral business forum be organized alongside the session to provide a platform for companies from both countries for future successful cooperation.

For her part, Ambassador Dai Qingli emphasized the importance of deepening economic relations between the two countries, especially in the context of this year marking the 75th anniversary of the establishment of diplomatic relations between Bulgaria and the People’s Republic of China.

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