Bank to help Hungarian businesses’ activities in Australia with 800 million dollar credit line

Despite a great distance between Hungary and Australia, bilateral economic cooperation is “continually expanding”, the minister of foreign affairs and trade said on Wednesday.
 
PĂ©ter SzijjártĂł said on his Facebook page after talks with Dan Tehan, Australia’s trade minister in Paris that the turnover of bilateral trade had increased by an annual 49 percent, 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.

Hungary has also supported the election of Australia’s Mathias Cormann to secretary-general of the OECD, SzijjártĂł noted.
 


The Hungarian EXIM Bank has set up an 800 million dollar credit line to help Hungarian businesses’ activities in Australia, SzijjártĂł said. A new Hungarian representation to be opened in Sydney will further promote Hungarian companies, he added.

Source: MTI