Bulgaria’s Economy Minister: TTIP Will Boost Trade with US
Bulgaria expects the Transatlantic Trade and Investment Partnership (TTIP) to help boost trade with the US, according to Economy Minister Bozhidar Lukarski.
Lukarski participated in a conference titled “The Transatlantic Trade and Investment Partnership (TTIP): Prospects for Small and Medium-Sized Businesses” organized by the American Chamber of Commerce in Bulgaria and Confindustria Bulgaria.
The event was attended by Deputy Prime Minister Meglena Kuneva, US Ambassador to Bulgaria Marcie Ries and Italy's Ambassador to Bulgaria Marco Conticelli.
“Improving access to the US market for Bulgarian goods, services, and public procurement will contribute substantially to stimulating economic growth, innovation, and employment in Bulgaria, as well as the protection of intellectual property rights,” Lukarski declared, as cited by the BGNES news agency.
He underscored that Bulgaria expected the TTIP to have a positive impact on the sectoral competitiveness and productivity.
Lukarski emphasized that the EU would not allow a lowering of standards in environmental protection, labor, and healthcare.
He said that the TTIP was very important for Bulgaria, stressing the export opportunities for small and medium-sized enterprises, whose share in the sector was too small.
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For sure it will boost trade, large american companies with financial muscle will be able to grow their share of Bulgarian markets.
Small Bulgarian companies will find it hard to compete and will go broke.
Plus they wont have the financial resources to compete in the american market.
A big win for the US a big loss for Bulgaria.
In addtion, the "Currency Board" introduced in 1997 by advice the failed economist Steve H. Hanke, has, by this time, completely "hollowed out" the Bulgarian economy. The Lev is not worth .51 Euros. It is worth, at best .35 or .40. Consequently, as the result of Bugarian internal inflation being more than that of it's major trading partners (e.g., Germany) imports are cheap, and Bulgarian exports are expensive. Bulgaria needs to have an independent Fiscal Policy (the present policy, under the currency board, being best administered by a compulsive 14-year old girl). Bulgarian Fiscal Policy needs to be put under the supervision of experts. If they are successful in a controlled devaluation of the Lev (this does not mean that the Lev should be allowed to "float",, only that it needs to pegged reasonably, at an appropriate and predictable amount, and adjusted periodically, through transparent criteria. Bulgaria will then be able to export (particularly agricultural products), and Bulgarian people will be able to go back to work to provide for their families. I really do not see how the Bulgarian economy can be "improved" until these actions are taken, and would really be interested if someone can propose an alternative.
"So it is natural to expect that Bulgarians are suspicious of what membership in the EU can offer the country. So far, hasn't amounted to much."
Typical Bulgarian attitude. You not only expect free toilet paper - you expect them to wipe your filthy stinking peasant ass too.
Who do you think paid for the highway you use to take your peasant ass to the Black Sea?
Who do you think pays for your peasant ass to take a decent bus in Sofia, or to go on a repaved Tsarigradsko Shose?
Who do you think has paid those farmers who finally have new equipment and are farming record yields in grains that are exported?
Who do you think has paid millions to small business owners to train their staff?
Who allows poor Bulgarians to go and work in their countries and make very decent salaries?
The EU idiot....That and a lot more. Ungrateful Russian communist trash like you should be deported to Novosibirsk where you belong!!!!!!
Lukarski's optimism flies in the face direct experience of Bulgarian workers and their families. Since 2009, Foreign Direct Investment has not been a material component of Bulgaria's Balance of Payments. And so, the EU, itself in extremis, has nothing to offer to Bulgaria. Or, if it has, it hasn't offered it. So it is natural to expect that Bulgarians are suspicious of what membership in the EU can offer the country. So far, hasn't amounted to much. In additio