ABSTRACT
In April 1987 a Bulgarian delegation to the Graz Conference explained the basis of the country's application to GAIT as a full member. The Bulgarian application avoids any reference to import commitments that were required in the cases of Romania and Poland. A part of the incentive system is to come from rules of wage and salary determination in which it will be to the interest of workers and managers to maximize net income of the economic organizations. The actual amount of foreign exchange involved will be purchased by the Bank for Foreign Trade at an exchange rate which is said to not vary across commodities. Bulgarian officials are quick to point out that similar problems with state intervention and variable monopoly influence are found in the economies of all present GATT members. The question is whether the likely extent of state intervention and organizational monopoly will be even greater in the new Bulgarian economy.
