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Armenia, Bulgaria Look To Boost Bilateral Trade

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  • Armenia, Bulgaria Look To Boost Bilateral Trade

    ARMENIA, BULGARIA LOOK TO BOOST BILATERAL TRADE
    By Shakeh Avoyan

    Radio Liberty, Czech Rep.
    Nov 13 2007

    Bulgaria's Prime Minister Sergei Stanishev began an official to Yerevan
    Tuesday with talks with his Armenian counterpart Serzh Sarkisian
    that focused on ways of boosting the presently modest trade between
    their nations.

    The talks were followed by the signing of five agreements which
    they said will strengthen Armenian-Bulgarian relations. One of
    those agreements provides for the creation of an inter-governmental
    commission on bilateral economic cooperation.

    Stanishev pointed out at an ensuing news conference that
    Armenian-Bulgarian trade amounted to only $30 million last year.

    "This is not enough," he said.

    "The volume of commercial exchange between us is really very small
    given our potential," agreed Sarkisian. He lamented the fact that
    it is dominated by Armenian imports of petrol and other oil products
    from Bulgarian.

    "We can import a lot more commodities from Bulgaria," said Sarkisian.

    "And there are Armenian products which would sell in the Bulgarian
    market."

    The Armenian premier added that he accepted Stanishev's proposal to
    hold next year an Armenian-Bulgarian business forum that will explore
    possibilities of increasing bilateral commerce and other economic
    ties. He said they instructed the newly formed joint commission to
    start "serious preparations" for the forum.

    The two men also described the existence of an 11,000-strong Armenian
    community in Bulgarian as a major factor that can contribute to the
    strengthening of relations between the two countries. "There are
    all the historical and cultural prerequisites for forging closer and
    friendlier links with the two nations," said Stanishev.
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