Monday, February 20, 1995
ISSN: 0511-4187; Volume v31; Issue n7
Joint statement on relations between the United States of America and the
Republic of Bulgaria. (Transcript)
Total number of pages for this article: 2 FULL TEXT
� February 13, 1995
� At the invitation of President Bill Clinton, President Zhelyu Zhelev
visited Washington, meeting with President Clinton at the White House on
cooperation established over the past five years in maintaining regional
stability and supporting Bulgaria's democratic and market economic
transformation. They agreed that relations between the two countries
rest on the values of democracy and human rights. President Clinton
noted that the security of Bulgaria and the other Central European
democracies is inseparably linked to that of the United States and
praised Bulgaria's balanced and constructive policy in the Balkans.
� Both Presidents noted the importance of continued implementation of
Bulgaria's market economic reforms. In this context, they noted the need
for Bulgaria to solidify its efforts at stabilization, to accelerate
implementation of privatization and to complete the legal and regulatory
conditions necessary to a market economy. President Clinton offered
continued U.S. assistance to support Bulgaria's efforts in this
direction. As part of the planned 1995 $30 million U.S. foreign
assistance program in Bulgaria, President Clinton told President Zhelev
of a new $7 million loan program designed to support small and
medium-sized private businesses, especially in rural areas.
Nations sanctions against Serbia/Montenegro, President Clinton and
President Zhelev agreed about the continuing importance Of sanctions as
a key tool to resolving peacefully the conflict in the former
� President Clinton reaffirmed that the United States will remain
engaged in efforts to improve regional transportation infrastructure in
the southern Balkans, including Bulgaria. The two Presidents agreed that
such projects can help mitigate the interruption of trade routes and
promote regional stability and democracy. President Clinton noted that
he has asked Congress for $30 million for this regional project.
� The United States and Republic of Bulgaria affirmed their
determination to enhance regional and European stability through support
of the OSCE, United Nations and Partnership for Peace.
� Both countries will work to advance Bulgaria's integration into
international and Euro-Atlantic economic and security institutions.
President Clinton and President Zhelev affirmed support for the
Partnership for Peace as the path for all countries of Central Europe
Clinton stated that under his Warsaw Initiative the United States will
seek $5 million in security-related assistance for Bulgaria to support
the purposes of the Partnership for Peace plus additional resources to
support security cooperation.
� Recognizing the international dimension of many crimes, the two
Presidents agreed to deepen cooperation between their respective law
enforcement agencies in the struggle against terrorism and organized
criminal activities including narco-trafficking, money laundering and
smuggling of cultural and historical objects.
� The two leaders agreed to encourage and promote trade and investment
between their countries, based on market principles. The two nations
intend to work together to create the conditions necessary for such
market cooperation, taking into account such issues as protection of
investments and new technologies, adequate and effective protection of
intellectual property and other elements necessary to a friendly
investment environment. Agreements concerning trade and investment have
already been signed, including a Trade Agreement and Bilateral
Investment Treaty, and the two Presidents placed high priority on the
the announcement of a new Central Europe Initiative by the U.S.
Export-Import Bank, the Presidents agreed to work to establish a
cooperative financing arrangement to support Bulgarian exports that also
involve U.S. goods and services to third country markets. The two
Presidents agreed that this initiative could help create jobs in both
Bulgaria and the United States.
� President Clinton recognized the importance of the removal of Bulgaria
from application of the provisions of Title IV of the U.S. Trade Act of
1974 (the Jackson-Vanik Amendment). The U.S. Administration has made
determinations that Bulgaria is in full compliance with Title IV
criteria and will consult with the U.S. Congress concerning legislation
to remove Bulgaria from application of Title IV at an early date.
� Both Presidents agreed to support ongoing educational and cultural
projects such as the American University in Blagoevgrad and to seek to
conclude and implement a Science and Technical Agreement.
� Through cooperation to advance common political, economic, security
and humanitarian interests, the United States and the Republic of
Bulgaria continue to build a strong and enduring relationship.
� NOTE: An original was not available for verification of the content of
this joint statement.