SOFIA, Aug. 30 (Xinhua) -- Bulgarian Chamber of Commerce and Industry (BCCI) and China Council for the Promotion of International Trade Tianjin Sub-Council (CCPIT Tianjin) here on Wednesday signed a memorandum of understanding and called for expansion of cooperation.
"Thanks to this memorandum, we can develop mutual cooperation in more areas and in more ways," Duan Yimin, Vice Chairman of CCPIT Tianjin said at the signing ceremony.
Duan, who led a business delegation from his city, said there has been a traditional friendship between China and Bulgaria, a country along the route of China's Belt and Road Initiative.
Duan also said the total investment from Tianjin to Bulgaria reached over 85 million U.S. dollars, and last year the trade between his city and the Balkan country exceeded 52 million dollars.
BCCI's president Tsvetan Simeonov in turn wished a pragmatic implementation of the memorandum, and exchange of more delegations.
According to Simeonov, Chinese companies could benefit from the favorable location of Bulgaria and good conditions for doing business.
According to Bulgaria's Ministry of Economy, China is traditionally Bulgaria's largest trading partner in Asia, with bilateral trade reaching 1.63 billion dollars in 2016.
