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Latchezar Dinev: Bulgaria faces big problems exporting to China

Photo: BGNES

Bulgaria faces big problems exporting to China and hopes that some of them will be discussed at the Central and Eastern Europe-China 16+1 summit in Sofia on July 6 and 7, the Chairman of the Bulgaria-China Chamber of Commerce and Industry Latchezar Dinev said in an interview for the Bulgarian National Radio. For instance in 2017 China banned the imports of products containing rose oil and rose essence from Rosa Damascena, Latchezar Dinev pointed out. Bulgaria’s trade balance with China will be negative and will exceed EUR 650 million. This negative balance can change if the Chinese market opens to Bulgarian software engineers and outsourcing. Increase in the number of Chinese tourists and Chinese students in Bulgaria can also change this negative trend, the Chairman of the Bulgaria-China Chamber of Commerce and Industry contends. "There are over 70,000 vacancies in the Bulgarian universities. The Chinese students in Great Britain spend 4 billion GBP in this country", Latchezar Dinev pointed out.




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