Bulgarian Companies to Export Sunflower Oil, Wine to China

Two Bulgarian companies and their Chinese partners have inked agreements of intent to export Bulgarian agriculture products to China.

Bulgarian company Kabakum Group Import Export and China Sinopharm International Corporation signed an agreement of intent to export Bulgarian sunflower oil amounting to EUR 1.5 M (approximately USD 1.95 M), while Vinprom Peshtera SA agreed with Sinochem Plastics Co., Ltd. to export to China EUR 500,000 worth of wine products.

The agreements were signed during a Bulgaria-China Business Meeting, organized by the Chinese Ministry of Commerce, the Bulgarian Ministry of Economy and Energy, and Bulgarian the Chamber of Commerce and Industry, Xinhua informs.

The business meeting was attended by some 70 companies from Bulgaria and China.

Chinese Ambassador to Bulgaria Guo Yezhou said that with the joint efforts of the two governments and businesses, in 2012 bilateral trade turnover reached USD 1.895 B, 29.4 percent more than in 2011.

"This growth is much higher than the overall growth of Bulgarian foreign trade, and more importantly is that China is already the second largest trading partner of Bulgaria outside the European Union (EU)," Guo said, as cited by Xinhua.

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