Pakistan-Bulgaria to Increase Bilateral Trade Volume – Research Snipers

Pakistan-Bulgaria to Increase Bilateral Trade Volume

bilateral trade volume

On Tuesday the Pakistan-Bulgaria Inter-Governmental Commission (IGC) agreed to boost the trade and economic cooperation in the information and communications technology (ICT), livestock, tourism, agriculture, railway and maritime sectors. The two sides agreed upon boosting the bilateral trade volume.

The agreement was made in the 2nd session of the Pakistan-Bulgaria IGC where the Economic Affairs Division Secretary—Noor Ahmed and the Deputy Minister Economy of Bulgaria—Liliya Ivanova headed their respective delegations.

Both countries made the agreement for working in unison for the promotion of bilateral trade and investment. Bulgaria agreed to facilitate the export of Pakistani products like the rice, fruits, dates, mangoes, cotton and marble to Bulgaria and other East European nations.

On the other hand, Pakistan would be facilitating the import of Bulgarian products in Pakistan and the third world countries.

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Both sides agreed to encourage their business community for taking part in trade fairs and exhibitions. They also talked about the formation of joint projects in the sectors of automotive, food processing and engineering.

In his concluding speech, the Economic Affairs Division Secretary said that both the nations would keep on strengthening the economic and trade ties in future for the combined benefit of the two countries.

The Bulgarian minister also gave assurance that her country would boost the cooperation with Pakistan in the identified divisions.

During her stay in Pakistan, Liliya Ivanova held meetings with the National Food Security and Research Minister and the advisor to the PM on commerce.

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