Budapest, September 18 (MTI) – The future of economic cooperation between Hungary and Belarus looks “promising”, foreign ministry state secretary Laszlo Szabo said following the sixth meeting of the Hungarian-Belarusian Economic Cooperation Inter-governmental Committee on Friday.
Szabo said bilateral trade turnover has shown dynamic growth since 2013, although sanctions against Russia have resulted in a slight decline in trade over the first half of 2015.
He said economic ties are strong in the fields of agriculture, innovation, research and development, the health industry and technology. Szabo said ties between the two countries’ aid groups are also strong.
Belarusian deputy foreign minister Alena Kupchina, who co-chairs the committee, said her country is happy with Hungary’s economic progress, as it moves cooperation forward. She said the committee discussed a number of topics, including opportunities for cooperation in the fields of tourism, education and health care.
The two sides signed an agreement between Hungarian National Trading House and the Belarusian Universal Commodity Exchange.