Despite a great distance between Hungary and Australia, bilateral economic cooperation is “continually expanding”, the minister of foreign affairs and trade said on Wednesday.
Péter Szijjártó 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,
Hungary has also supported the election of Australia’s Mathias Cormann to secretary-general of the OECD, Szijjártó noted.
The Hungarian EXIM Bank has set up an 800 million dollar credit line to help Hungarian businesses’ activities in Australia, Szijjártó said. A new Hungarian representation to be opened in Sydney will further promote Hungarian companies, he added.