site.btaEconomy Ministry Signs Memorandum with Chinese City of Ningbo

June 9 (BTA) - The Bulgarian Economy
Ministry and the Municipal People's Government of the Chinese
seaport of Ningbo signed a memorandum of cooperation to boost
trade and economic relations. Economy Minister Emil Karanikolov
and Zheng Shanjie, Secretary of the Ningbo Municipal Committee
of the Communist Party of China, affixed their signatures to the
 memorandum, Karanikolov's ministry reported on Sunday.

The Bulgarian Economy Minister is leading a business delegation
representing about 20 Bulgarian companies which are taking part
in the annual China-CEEC Investment and Trade Expo in Ningbo
(CEEC stands for Central and Eastern European Countries). This
year, the Bulgarian exhibitors present mainly foods,
agricultural products, wine, mineral water and cosmetics.

The new memorandum lays particular emphasis on promoting Chinese
 investments in Bulgarian industrial zones.

In a follow-up development, Bulgaria's National Company for
Industrial Zones signed a memorandum with the Zhejiang Cixi
Coastal Economic Development Zone.

While in Ningbo, Minister Karanikolov toured the Bulgarian
booths at the China-CEEC Expo and unveiled an exhibition of
paintings by Bulgarian and Chinese artists at the City Library.
The exhibition has been occasioned by the 70th anniversary of
Bulgarian-Chinese diplomatic relations. RY/VE