Favourable Conditions Are Present for Development of Bulgarian-Iranian Trade and Economic Relations

Favourable Conditions Are Present for Development of Bulgarian-Iranian Trade and Economic Relations

Opening a Bulgarian-Iranian business forum in Tehran on Monday, Bulgarian Deputy Economy Minister Lyuben Petrov said that there are favourable conditions for the development of the bilateral trade and economic relations as a result of the announced implementation of the Joint Comprehensive Plan of Action on Iran's nuclear programme and the lifting of the limitations for the business, the Bulgarian Economy Ministry reported Monday.
The business forum is organized within the 18th session of the Bulgarian-Iranian Mixed Intergovernmental Commission for Economic, Scientific and Technical Cooperation, which takes place from March 6 to 9 in Tehran.
"Bulgaria has potential and interest to increase the realization of products of the chemical industry, pharmaceutics, machine building and electrical engineering, ICT products and services, agricultural produce, equipment, transport, energy, ecology and tourism," Petrov said. He put an emphasis on Bulgaria's readiness to support each specific business initiative in the form of exchanges of business visits and delegations, and organization of business forums. "The goal is to encourage companies from both countries to get better acquainted with the existing potential for growth of their mutual trade. Adequate mechanism are needed for direct payments and export insurance," he went on to say. Petrov added that the business from the two countries can take advantage of the existing opportunities also through joint initiatives for which they can rely on the Bulgarian side's support.
Representatives of 66 Bulgarian companies and more than 100 Iranian took part in the business forum. ‏


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