Bulgaria Approves Morocco Sea Trade Agreement

Bulgarian Economy Minister Traikov (left) is pictured here as part of the Bulgarian delegation to Morocco in September 2010. Photo by Economy Ministry

The Bulgarian Council of Ministers has approved the bilateral agreement on maritime trade with Morocco, which was signed in September.

The agreement allows maritime traders and ship companies from Bulgaria and Morocco most favored status in either country, and regulates the conditions for port stays and maritime exchanges.

Under the agreement, the maritime authorities of the two states recognize each other's documents on their commercial fleet and sailor crews.

The deal was signed in Rabat September 2010 by Bulgaria's Deputy Transport Minister Kamen Kichev and Ahmed Reda Chami, Morocco's Minister of Industry, Commerce and New Technologies.

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