Bulgaria, Brazil to step up economic cooperation amid dull trade

08:24, June 24, 2010      

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Leaders of Bulgaria and Brazil on Wednesday agreed to accelerate negotiations on signing economic cooperation agreements and enhance bilateral trade, which was lower than expected.

Brazil is the second largest South American partner of Bulgaria, but the bilateral trade volumes were only 211.2 million U.S. dollars last year, 35 percent down from 2008.

The volume was below the level expected, said Bulgarian Foreign Minister Nickolay Mladenov at a press conference with the visiting Brazilian Foreign Minister Celso Luiz Nunes Amorim.

As the highest-ranking Brazilian official to visit Bulgaria, Amorim said his tour had began a new intensive relationship between the two countries.

According to a declaration signed by the two ministers, both sides agreed to strengthen cooperation in education, culture, energy, tourism and other areas of mutual interest.

The Bulgarian-Brazilian partnership played a positive role in developing the economic, social and cultural potential of southeast Europe, and strengthening the cooperation between the Balkans and South America, the declaration said.



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