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Bulgaria, which is advancing towards greater Euro-Atlantic integration, officially became a member of the North Atlantic Treaty Organization on March 29, 2004 after depositing its instruments of treaty ratification in Washington, DC. Bulgaria signed its Accession Treaty with the European Union (EU) on April 25, 2005. With the support of all political parties, the Bulgarian parliament ratified the EU accession treaty on May 11, 2005, with a view towards joining the EU in 2007. Bulgaria is a member of the United Nations and in 2002-2003 served a 2-year term as a nonpermanent member on the UN Security Council. Bulgaria served as Chair-In-Office of the Organization for Security and Cooperation in Europe (OSCE) in 2004. Bulgaria joined the World Trade Organization in 1996. In July 1998, Bulgaria became a full member of the Central European Free Trade Agreement (CEFTA), which called for the reduction of tariffs by 2002 on most industrial and agricultural goods traded between CEFTA countries. Bulgaria has initialed free trade agreements with Turkey, Macedonia, Croatia, Lithuania, Estonia, Israel, Albania, and Latvia. Currently, Bulgaria is holding consultations for launching free trade agreement talks with Moldova as well. Bulgaria's relationship with its neighbors has generally been good. Bulgaria has proven to be a constructive force in the region and has played an important role in promoting regional security. |
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