Bulgaria, Iran to Deepen Economic Ties, Fight Against Tax, Customs Fraud

Bulgarian Finance Minister Vladislav Goranov (L) during a meeting with his Iranian counterpart Ali Tayebnia (R). Photo: BGNES/Council of Ministers

Bulgaria and Iran will work towards deepening their economic ties and coordinating their activities against tax and customs crime.

This was agreed between Bulgarian Finance Minister Vladislav Goranov and Iranian counterpart Ali Tayebnia on Monday. Goranov is part of the Bulgarian delegation headed by Prime Minister Boyko Borsisov, which embarked on official visit to Iran on Sunday.

Tayebnia raised the issue of enhancing cooperation between Bulgaria and Iran in the field of finance and banking, with particular focus on activating contacts between banks.

According to him, this would ease commercial relations between the two countries and will give impetus for the development of their economic ties.

Goranov pointed that relations between commercial banks are not subject of direct state involvement, but the Bulgarian government has readiness to assist with all legal means in developing contacts in the field.

He added that Bulgaria is interested in the fast-paced development of commercial and financial relations with Iran as the lifting of the economic sanctions has provided opportunities to find new markets for Bulgarian business.

At the same time, Bulgaria could offer good conditions for Iranian investments on the territory of the EU.

In his words, the two countries had already laid the foundations for reactivating economic ties through exchange of information and know-how.

Goranov expressed satisfaction with the good level of Bulgarian-Iranian ties in the area of customs cooperation and fight against customs and tax crimes.

The two ministers agreed that the signing of an intergovernmental agreement on administrative assistance in the application of customs legislation would have positive effect on preventing, investigating and fighting customs violations.

They expressed assurance that this will be done in the coming months and will aid efforts of the two governments in improving the collection of budget revenues.

In conclusion, Goranov and Tayebnia commented the potential opportunity for exchanging expert delegations between the finance ministries of the two countries.

These delegations will be useful when overcoming difficulties in the economic ties between the two countries as well as when exchanging experience as regards key state functions.

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