PHOTOS: Hungarian foreign minister in Mexico

Hungary’s economy has benefitted a lot from cooperation with Mexico, its leading partner in Latin America, and Hungarian companies have “profited much” from Mexico’s industrial development, Péter Szijjártó, the minister of foreign affairs and trade, said on an official visit to Mexico City on Friday.

Foreign minister in Mexico

Bilateral trade has leveled out over one billion dollars a year, with a “significant” Hungarian surplus, the foreign ministry quoted Szijjártó as saying in a statement. Demand for the products and services of Hungarian companies is growing, in digital construction planning, the pharmaceutical industry, the production of health-care equipment and the printing industry, the minister said. “The increase in demand for Hungarian products in these branches of industry gives rise to Hungarian investments,” he said.

Szijjártó noted that Mexico plans to go GMO-free in some farming sectors and said that could translate as “big opportunities” for Hungary’s “world-class” food safety companies. The minister said Hungary was advocating for an update of the “outdated” cooperation agreement between the European Union and Mexico signed more than 20 years ago.

Church restored by Hungary

Szijjártó is meeting later in the day Marcelo Ebrard, his Mexican counterpart, Economy Minister Raquel Buenrostro and Culture Minister Alejandra Frausto, as well as with local business leaders.