• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
FM Szijjarto: Hungary to open embassies in South America, AfricaFM Szijjarto: Hungary to open embassies in South America, AfricaFM Szijjarto: Hungary to open embassies in South America, AfricaFM Szijjarto: Hungary to open embassies in South America, Africa
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • NATO will kick out Hungary for sacking ‘NATO friend officers’ from the Hungarian military?

Support us
Daily News Daily News · 01/06/2015
· Politics

FM Szijjarto: Hungary to open embassies in South America, Africa

Foreign Affairs Ministry of Hungary South America

Budapest, June 1 (MTI) – Hungary will open five new embassies in South America and Sub-Saharan Africa within the next 18 months in a bid to boost relations, the foreign minister said on Monday.

There has been an economic uptick in Latin America and Africa in the recent past which could be turned to Hungary’s benefit, with the country exporting a lot more services to countries on these continents, Peter Szijjarto told a conference focusing on the foreign affairs strategy of southern opening in Budapest.

Hungary’s exports to Latin America and Africa currently amount to 2.3 percent, as opposed to the close to 5 percent by Germany and The Netherlands, he said.

Szijjarto said Hungary would seek to boost its exports in info-communications and water management services, and in engineering know-how to these regions.

To serve the southern opening strategy objective, Hungary will open embassies in Colombia and Peru, as well as in Angola, Ethiopia and Ghana, the minister said.

The number of honorary consuls representing Hungary in the two regions is planned to be increased by 11 to 68, with two serving in Latin America and nine in Africa, Szijjarto said.

Further, Hungary’s Eximbank will open a 3.7 billion dollar credit line to help Hungarian businesses in the two regions, he added.

The 2nd Hungary-Latin America forum will be held in October this year. This will serve as a platform for deepening inter-governmental, business and education cooperation, the minister said.

Hungary aims to conclude further economic cooperation pacts besides those already in place (only four countries on the two continents). It also seeks to conclude agreements on investor protection and the avoidance of double taxation with several countries there, he said.

Photo: MTI

Source: http://mtva.hu/hu/hungary-matters

Foreign Affairs Ministry of Hungary South America
Share
Daily News
Daily News

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Hungarian minister: the USA is dangerous on Europe’s economy
  • Hungary’s solar feed-in halt threatens EU funds access
  • Hungarian FM slams the EU in Azerbaijan
  • PHOTOS: Budapest mayor in Transcarpathia, Ukraine, delivers aid
  • NATO will kick out Hungary for sacking ‘NATO friend officers’ from the Hungarian military?
  • PHOTOS: Delhi Hungarian Cultural Centre commemorated famous Hungarian-Indian painter
  • Snowstorm: Lufthansa plane almost ran out of fuel over Hungary, passengers in shock
  • What happened today in Hungary? – 3 February, 2023

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V