Hungary objects to European Union environmental protection policies that would needlessly restrict the competitiveness of the car industry, Foreign Minister Péter Szijjártó said at a Hungarian Investment Promotion Agency (HIPA) event on Wednesday.
The minister said environmental protection policymaking at EU level should take competitiveness aspects into consideration.
a balance should be found between the two objectives without hampering meaningful investments by forcing needless developments on Europe’s car industry which could, in turn, detrimentally affect millions of workers.
Such measures would also have a damaging impact on Hungary‘s car industry, competitiveness and jobs, he said, adding that the government only backs proportionate and well-considered measures in this area.
The government’s upcoming economy protection action plan aims to stimulate long-term economic growth at a high level that is at least 2 percentage points above the European Union average, Szijjártó said at the automotive conference. He noted that
the sector could be helped by increasing funding for suppliers.
The economy protection action plan will involve further tax cuts, reducing bureaucracy, simplifying procedures, modernising the training of skilled workers and expanding dual education programmes, he added.