China’s Yunnan province and Bulgaria hope to deepen agricultural cooperation within the Belt and Road Initiative and the 16+1 mechanism, officials said here on Friday. Zhang Zulin, visiting Vice Governor of the province in southwest China, said here in a keynote speech during a business forum that Bulgaria is one of the most important countries on the New Silk Road…Full Article: Xinhua May 2017
- According to the Vice Governor of Yunnan Province, Yunnan may be interested in importing Bulgarian rose products (i.e. roses, rose oil, etc.), while Bulgaria may be interested in importing Pu’er tea.
- In May 2017, China and Bulgaria signed an agreement to establish an Agricultural Cooperation Demonstration Zone.
- In 2016, according to Bulgaria’s Minister of Agriculture and Food, Bulgaria exported more than 5 million liters of wine to China.
- In July 2016, Bulgaria’s Deputy Minister of Agriculture and Food stated his ministry wanted increased cooperation within the 16+1 mechanism.
- In 2015, mainland China imported 319,238 liters of (bottled) Bulgarian wine, while Hong Kong imported 94,445 liters.
- In June 2015, the Association for the Promotion of Agricultural Cooperation between China and the CEE Countries was formed.
- In April 2014, Bulgaria was seeking to host the Agro Trade and Economic Cooperation Forum between China and Central Eastern European Countries (started in 2010), which has traditionally been hosted in China.
- In June 2013, Bulgaria’s Klas Oil and China’s Sinopharm International Corporation signed a contract to supply China with ~US$2 million worth of sunflower oil.
- In December 2012, 14 private Bulgarian wine cellars were permitted to export wine to China.
- Launched in April 2012, Cooperation between China and Central and Eastern European Countries (aka the 16+1 mechanism) serves to promote economic trade between participating European countries and China. In 2012, China-CEE leaders met in Warsaw, followed by Bucharest (2013) and Belgrade (2014).
Hong Kong Trends