Ambassador of Bulgaria Irena Gancheva has said that Pakistan and Bulgaria need to explore opportunities for collaboration as the potential between both countries is not being utilized. Bulgaria offers collaboration and business opportunities in various sectors including food processing, agriculture, IT and new technologies. She was speaking to the business community here at Lahore Chamber of Commerce and Industry on Monday. LCCI President Kashif Anwar, Senior Vice President Zafar Mahmood Chaudhry also spoke on the occasion. Executive Committee Members Raja Hassan Akhter, Mian Attiq ur Rehman, Ahmed Elahi and Mohammad Tauqeer Malik were also present.
The Ambassador said that the bilateral figures of trade between Pakistan and Bulgaria need to be improved. She said that new trends are also being observed in trade between both countries as Bulgaria is exporting wheat and importing mainly textile items from Pakistan as this is the case of whole of the European Union.
She also gave in depth information about Bulgaria which has been an EU member since 2007. She said that Bulgaria offers a favorable taxation system for the investors and with strong traditions, it provides access to all EU markets with 1.3 billion customers.
The Ambassador said that Bulgaria is very good in Information Technology, automotive, mechanical engineering, electronics, mechatronics and robotics and also provides very low operational costs. Bulgaria is also very strong in manufacturing, plastic and rubber products.
She said that Bulgaria has top ten fastest internet mobile with world class artificial research. She emphasized on exploring more opportunities to diversify trade and partnerships. She said that as a member of the EU, Bulgaria is also part of GSP Plus arrangements. She said that she will also share the information with the Lahore Chamber regarding international exhibitions in Bulgaria during this year.
LCCI President Kashif Anwar said that Pakistan and Bulgaria enjoy cordial diplomatic, political and economic relations.—APP
