Bulgaria-China bilateral relations will be discussed by Foreign Minsiter Passy during his visit in China, which is at the invitation of his Chinese counterpart Jiaxuan Tang. Cooperation in the United Nations Security Council will also be on top of the agenda of his meetings. China is one of the permanent members of the UN Security Council. Starting from January 1, Bulgaria has replaced Ukraine as non-permanent member in the Security Council with UN, and its term will expire at the end of 2003. Ways to boost economic relations and Chinese investments in Bulgaria will also be sought. Minister Passy will be accompanied by a delegation of Bulgarian businessmen, who will take part in the business forum, organized by the Chinese Association for Encouragement of Foreign Trade Export. Currently Chinese investments in Bulgaria total USD 240,000. Bulgaria’s trade balance with China is negative, trade between the two countries stand at USD 100 M. In my opinion the formula that Deputy Prime Minister Nikolay Vassilev and I developed – to visit one and the same country over a certain period of time –proves to be very successful, Minister Passy said before leaving for China. He pointed the positive results of this approach in Moscow, concerning the visa regime and Russia’s debt.

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