Hungarian Export Promotion Agency opens office in Tokyo

The Hungarian Export Promotion Agency (HEPA) opened an office in Tokyo on Monday, Ministry of Foreign Affairs and Trade state secretary Levente Magyar told MTI by phone from Japan on Tuesday.

Magyar said he had met with representatives of Japanese companies that plan investments worth “several hundred billion forints” in Hungary. The companies include ones in the automotive sector and in renewable energy, he added.

He noted that more than

160 Japanese-owned companies operate in Hungary, employing tens of thousands of people.

Magyar said Asia was the largest export market for Hungarian food products and Hungary wanted to further improve relations and expand existing cooperations. He added that talks were underway with large Japanese food users, for instance with restaurant chains that would buy large amounts of Hungarian raw materials. This would seriously help Hungarian producers and also processing companies, he added.

He also said that

Japanese-Hungarian diplomatic links were 150 years old this year and to mark the anniversary, concerts, exhibitions and presentations were held in the two capitals.