Commercial and Economic Relations

The Indo-Bulgarian Joint Commission on Economic, Scientific and Technical Cooperation was set up at Government level in 1973 . The 17th Session of JCM was held on 15-16 October, 2012 in New Delhi. The Indian delegation was headed by Jyotiraditya Scindia, Minister of State for Commerce and Industry and Delyan Dobrev, Minister of Economy, Energy and Tourism headed the Bulgarian side. The bilateral trade turnover in 2013 was US $207.60 million which included Indian exports of US $ 164.10 million and Indian imports of US $ 43.50 million. Major Indian exports to Bulgaria include organic chemicals (heterocyclic compounds); articles of plastics; aluminium; medicaments; ferro-alloys (ferro-silico manganese); unmanufactured tobacco; cotton yarn, cotton fabrics etc. Major Bulgarian exports to India include electronic laboratory instruments; animal feeding preparations; aluminium waste & scrap; copper waste & scrap; ferrous waste & scrap; kraft paper; engines & motors; copper articles; electrical equipment; cosmetics, etc]. There are no direct air- links between any cities of India and Bulgaria. Indirect airconnections are through Vienna, Frankfurt, London, Moscow, Istanbul and Doha.

The EU’s Common External Customs Tariff, TARIC, describes the various rules applying to specific products being imported or exported from the EU. To determine if a product is prohibited or subject to restriction see 

http://ec.europa.eu/taxation_customs/customs/customs_duties/tariff_aspects/customs_tariff/index_en.htm

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices. Bulgaria is a relatively open market, but certain administrative and procedural requirements can become non-tariff trade barriers. Poor IP protection and the need for greater transparency and predictability in the regulatory environment are common market access issues for U.S. firms. For this reason, a vetted, experienced agent/distributor, or representative is essential in Bulgaria.