Sofia, Bulgaria: Ambassador of Bulgaria to Pakistan – Irena Gancheva, announced that the third session of the Joint Economic Commission – (JEC) is being planned between both countries. The Ambassador made the remarks during her visit to the Karachi Chamber of Commerce & Industry (KCCI) on Tuesday, March 29, 2022.
As per the information, the meeting is expected to take place later on in the capital city of Bulgaria – Sofia, this year. Both the countries believe that the forthcoming meeting will foster and strengthen trade as well as economic cooperation between them.
Meanwhile, during her visit, Ambassador Gancheva asserted, “The third session of Joint Economic Commission was considered to take place in Sofia in 2020-21, but it could not materialize due to COVID-19 pandemic.”
“However, we are working on holding this important session later this year or next year, and I will be happy to see representatives of Karachi Chamber are also included in the business delegation, accompanying the government officials,” following the above statement the Ambassador added.
Ambassador then highlighted the impact of the COVID-19 virus on the country’s economy and asserted, “Of course, during the last three years, COVID-19 pandemic has created a lot of challenges, and unfortunately physical exchange of delegations was not possible but now its time to focus on the exchange of trade delegations so that trade volume could be improved.”
The visits of government, as well as business delegations, create tons of opportunities for the countries to have discussions on numerous areas of mutual interest.
Apart from this, the Bulgarian Ambassador extends his full support and cooperation to the KCCI in enhancing connections with institutions in Bulgaria, including the Bulgarian Chamber of Commerce and Industry, Small and the Medium Enterprises Promotion Agency, and other government and private institutions.
Further, the President of KCCI – Muhammad Idrees, underlined that the imports of copper-related articles from Bulgaria were worth $165.17 million in the year 2020.