Minister Emil Karanikolov: In 2018, Bulgarian exports to Korea exceeded $ 106 million. We rely on events such as business forums and business activity on both sides to increase trade and create contacts for joint projects.
“We support export-oriented sectors with high added value and high potential for implementing innovation in production,” said Minister Karanikolov.
Bulgarian products including wines, essential oils and dairy products have great potential to be exported to the Korean market. This was made clear during a meeting of Economy Minister Emil Karanikolov, during his working visit to Seoul, with the chairman of the Korean Association of Importing Companies / KOIMA / Hong Kwang-hee, the Economy Ministry reports.
The Korean Association of Importing Companies (KOIMA) is an organization of over 8,000 South Korean importing business members and was established in 1970. It is the only business organization in the Republic of Korea that aims to support imports from abroad and play a lot an important role in promoting the country’s trade.
During the talks the organization showed interest in other high quality Bulgarian products to be sold in Korea.
“In 2018, Bulgarian exports to Korea exceeded US $ 106 million. e. We rely on events such as business forums and business activity on both sides to increase trade and create contacts for joint projects, “said Minister Karanikolov.
In his meetings with the representatives of the Korean business, our Minister of Economy also highlighted the advantages of our country as an attractive destination for investments. According to him, the government is in continuous, active dialogue and partnership with the business for the implementation of a consistent foreign economic policy aimed at expanding its market presence, improving conditions for access to foreign markets and attracting foreign investment. “We support export-oriented sectors with high added value and high potential for implementing innovation in production,” he added.
During his official visit, Karanikolov also met with the Deputy Minister of Trade, Industry and Energy of the Republic of Korea, Kim Jong-rae. Before him, the Economy Minister stressed that the Republic of Korea is a priority economic partner in Asia and our efforts are aimed at promoting bilateral cooperation and strengthening economic ties between the two countries.
For his part, Korea’s Deputy Minister of Commerce emphasized that the emphasis on R&D and technology sectors is a niche that will give Bulgaria an overall image as a country relying on high-value-added technologies and activities.