Bulgarian Foreign Minister Daniel Mitov has spent almost the whole week in Southeast Asia paying official visits to Malaysia and Indonesia. The tour is impressive above all with the fact that a Bulgarian foreign minister had never visited Malaysia, and as to Indonesia, this has been the first such visit since 1965. For average Bulgarians the two countries are mostly exotic destinations however in political and economic terms things look different. Both Malaysia and Indonesia are important economic partners of the European Union and this impacts on Bulgaria too, being the bloc’s member.
However, during Minister Mitov’s talks in Kuala Lumpur a clear point was made that relations could expand also within the Asia-Europe Meeting and other multi-country formats. Bulgaria would hail Malaysian investments in its economy, and can offer foods and machine-building products. The signature of a bilateral memo for cooperation in legal matters is aimed to promote exchange of legislative information and of legal professionals.
It is worth noting that the visit of the Bulgarian foreign minister to Indonesia was preceded by working contacts at the level of the ministries of economy and agriculture. Commodity exchange with that country is modest – to the tune of about one hundred million dollars annually, but it is encouraging given that it shows a trend for tangible growth. Bulgaria tries to attract trade flows from Indonesia to EU through its Black Sea ports and can offer to the market in that country wine, yoghurt, dairy products, essential oils, wheat, meat, seeds, tobacco, electronic parts, machinery and more.
Overall, relations with Malaysia and Indonesiaare favored not only by Bulgaria’s membership of EU but also by the two countries’ membership of ASEAN (Association of Southeast Asian Nations). EU is the second biggest foreign trade partner of ASEAN after China with trade turnover close to 200 billion euro. This is a precondition for progress of both economic and political relations. The revival of relations with Malaysia and Indonesia takes place in a favorable international environment, so we are likely to see important developments soon.
English Daniela Konstantinova
The members of parliament will continue their session at 10 AM on November 22, following yet another unsuccessful attempt to elect a Speaker of the National Assembly. In the last vote on Wednesday, November 20, the candidacies of Raya Nazaryan from..
Nearly a month after the 27 October early parliamentary elections, the 51st National Assembly is still not able to begin its work because MPs are unable to elect their first among equals. Bulgaria's political impasse is compounded by burning concerns..
DPS-New Beginning MP Yordan Tsonev said in an interview with BNT that no one has requested support from their party for the election of National Assembly Speaker. Yordan Tsonev criticized We Continue the Change- Democratic Bulgaria for violating a..
The coalition We Continue the Change-Democratic Bulgaria (PP-DB) , which came second in the October 27 parliamentary elections, has accepted an invitation..
A new party called Bulgaria Can (Bulgaria Mozhe) was founded today. Its leaders are the political and economics analyst Kuzman Iliev and the former MP..
GERB leader Boyko Borissov has sent a letter to the We Continue the Change-Democratic Bulgaria (PP-DB) coalition proposing a way out of the political..
+359 2 9336 661