The first 16+1 eCommerce Logistics Hub and Pavilion for Agricultural and other Products was inaugurated at Bulgaria’s Trakia Economic Zone near Plovdiv on Friday [24 November 2017]. This hub, the first of its kind in Central and Eastern Europe (CEE) under the 16+1 cooperation mechanism between China and 16 CEE countries, will promote commodity exchange by providing a place to exhibit and sell products along with a full package of transport and other logistics services…Full Article: Xinhua Nov 2017
- In May 2017, China and Bulgaria signed an agreement to establish an Agricultural Cooperation Demonstration Zone. During the same month, the Vice Governor of Yunnan Province stated that his province 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 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 (APACCCEEC) was established in Sofia, Bulgaria.
- 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