Despite a great distance between Hungary and Australia, bilateral economic cooperation “is continuously developing,” the Minister of Foreign Affairs and Trade said on Wednesday.
Péter Szijjártó said on his Facebook page after talks with Dan Tehan, Australian Minister of Commerce in Paris, that bilateral trade turnover had increased by 49% per year, adding that Hungary would soon start exporting food products. to Australia.
Hungary supports a free trade agreement between the European Union and Australia and regrets that negotiations have been postponed due to a conflict between Australia and France, Szijjártó said.
Foreign Minister Szijjártó calls for more free trade agreements with the EU
Establishing political or human rights conditions for trade deals will create a situation where there is no longer anyone to deal with, Szijjártó said.
Hungary also supported the election of Australian Mathias Cormann as OECD secretary general, Szijjártó noted.
Hungarian bank EXIM has set up an $ 800 million line of credit to help Hungarian businesses’ activities in Australia, Szijjártó said. The opening of a new Hungarian representation in Sydney will further promote Hungarian businesses, he added.
Featured photo via Péter Szijjártó’s Facebook page