Hungarian companies with innovative technologies to find new opportunities in Morocco, says minister
Trade between Hungary and Morocco jumped by 24 percent in the past year, and the growing economy of the region offers good prospects for Hungarian companies, Finance Minister Mihaly Varga said after meeting his Moroccan counterpart, Nadia Fettah Alaoui, in Morocco on Wednesday.
Trade between the two countries reached 260 million dollars last year, Varga said after the talks on the sidelines of the general assembly of the European Bank for Reconstruction and Development (EBRD).
Hungarian companies with innovative technologies and products will find new opportunities in Morocco, Varga said.
Hungarian exports of electrical equipment and vehicles there is significant, the finance ministry quoted Varga as saying.
The aim is to boost ties in water management, farm and food processing technologies, energy management and property development, Varga said.
The cooperation agreement concluded between the Hungarian and Moroccan customs and tariff authorities will also contribute to the development of ties, as will the Morocco-Hungary Business Council, which is scheduled to start work in the near future, he said.
![Hungarian Ecumenical Charity Ethiopia Africa](https://contentf5.dailynewshungary.com/wp-content/uploads/2022/05/Hungarian-Ecumenical-Charity-Ethiopia-Africa-350x263.webp)
Read alsoHungarian Ecumenical Charity inaugurates school in West Ethiopia
Source: MTI
please make a donation here
Hot news
Drama: number of births in a 20-year low in Hungary
Yay or nay? – 6 odd Hungarian delicacies that make our skin crawl
Budapest tourism “exploded” this past weekend
Container transport in Budapest may stop: How will this affect Hungarian economy?
Minister: Hungary will protect its territory by every means possible
Orbán cabinet may double airspace fee: another ticket price increase?