Ukraine, Bulgaria should resume work of commission on trade and economic cooperation

(MENAFN- UkrinForm) After a nine-year break, Ukraine and Bulgaria should resume the work of the Intergovernmental Commission on Trade and Economic Cooperation.

First Vice Prime Minister Economic Development and Trade Minister of Ukraine Stepan Kubivsaid this following a meeting with Vice Prime Minister for Economic and Demographic Policy of the Republic of Bulgaria Mariana Nikolova, the press service of the Economic Development Ministry reported.

"After a nine-year break, we should restore the work of the Intergovernmental Commission on Trade and Economic Cooperation between Ukraine and Bulgaria, which will strengthen the practical cooperation between our countries," Kubiv said.

He recalled that the Ukrainian-Bulgarian relations had a thousand-year history and significant potential. Mutual economic interest was confirmed by the growth of trade.

"Thus, in 2018, the trade turnover between Ukraine and Bulgaria grew by almost 25% and amounted to more than USD 773 million. The trend continued in January-February 2019, since the volume of trade in goods reached almost USD 155 million. This is a third more than in the same period of last year," the first deputy prime minister noted.

During the meeting, Kubiv stressed the strategic nature of the partnership between Ukraine and Bulgaria, and thanked Bulgaria for supporting Ukraine, its sovereignty and territorial integrity, as well as Ukraine's course towards European and Euro-Atlantic integration.

The official outlined promising areas of cooperation between Ukraine and Bulgaria, including infrastructure and transport, energy, innovation and industrial cooperation, and tourism.

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