site.btaCabinet Approves Draft Memorandum of Understanding between Innovation and Growth Ministry, Chinese Ministry of Commerce

The Council of Ministers approved Wednesday a draft Memorandum of Understanding between Bulgaria's Ministry of Innovation and Growth and the Ministry of Commerce of the People's Republic of China to establish a joint working group on investment cooperation.

The Memorandum provides for the establishment of a joint working group on investment cooperation between InvestBulgaria Agency and the Department of Outbound Investment and Economic Cooperation of the Chinese Ministry of Commerce. The document also provides for the establishment of a mechanism for communication, exchange of information on laws, regulations and policies, a platform for cooperation, participation in seminars, exhibitions, etc.

The working group is expected to facilitate the exchange of information on investment opportunities in the two countries and to discuss issues of mutual interest within the European and national legal framework.