1. Bulgarian Market Access & Foreign Trade

2. Preferential Market Access (1)  WTO membership since 1996  European Union Association Agreement  EFTA Agreement  CEFTA membership  Free Trade Area with Turkey  Effective Free Trade Agreements with Macedonia, Lithuania, Israel and Estonia  Pending ratification of a Free Trade Agreement with Latvia and FR Yugoslavia

3. Free Trade Agreement With: European Union EFTA CEFTA Macedonia Turkey Estonia Lithuania Israel Preferential Market Access (2)

4. Source: National Statistics Institute Exports (by Region, %, 1995- 11/2002)

5. Source: National Statistics Institute Imports (by Region, %, 1995- 11/2002)

6. Source: National Statistics Institute Exports (by Country, %, 1999-11/2002)

7. Bulgarian Export Growth (%) Source: Bulgarian National Bank

8. Bulgarian Exports (by Commodity Groups, 2001) Source: National Statistics Institute

9. Bulgarian Imports (by Commodity Groups, 2001) Source: National Statistics Institute

10. Source: Governmental Sources and Bulgarian National Bank Bulgaria CEE Countries (2001) Current and Trade Account Deficit/Surplus (% GDP)

11. Current Account Deficit Largely Covered by FDI (USD m, 1998-2002) Source: Bulgarian National Bank

12. Foreign Trade Projections Up to 2005  Improving trade balance –trade deficit to drop from USD1.3m in 2001 to USD0.9 m  Exports will continue to grow, reaching a 46% increase compared to 2001  Imports will continue to grow, reaching a 26% increase compared to 2001  Exports/imports ratio will increase to 0.82 (from a current value of 0.74)  No major changes in commodity groups’ relative shares of exports and imports

13. Trade Forecast - European Union (USD mln) Source: Ministry of Economy