Foreign minister: Central Asia growing in importance

Central Asia is becoming increasingly important in terms of Hungary’s policy of opening to the East, Foreign Minister Péter Szijjártó said after talks with his Kyrgyz counterpart on Thursday, adding that the countries of the region were achieving impressive economic growth.

The region’s rapid growth presents an opportunity for Hungarian businesses looking to enter new markets, Szijjártó told a press conference he held jointly with Chyngyz Aidarbekov, adding that the financial conditions for entering the Central Asian market were now more favourable than in the past.

Szijjártó said the European Union’s decision to develop a strategy specifically for cooperating with the countries of Central Asia reflected the region’s growing importance.

He said Hungary will urge the EU to finalise and sign the partnership and cooperation agreement with Kyrgyzstan which has been under negotiation for a long time. Hungary will further support Kyrgyzstan’s membership application to the UN Security Council and its Human Rights Council, Szijjártó added.

He said he and Aidarbekov sealed a Hungarian-Kyrgyz investment protection agreement and an agreement on the avoidance of double taxation which will create a framework for their companies’ safer and more predictable operation in each other’s territory. Another agreement was also signed between the two countries’ chambers of commerce and industry on oiling the wheels of cooperation between their members, Szijjarto said.