• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Hungary to build strategic ties with Laos – Laotian FM Kommasith in BudapestHungary to build strategic ties with Laos – Laotian FM Kommasith in BudapestHungary to build strategic ties with Laos – Laotian FM Kommasith in BudapestHungary to build strategic ties with Laos – Laotian FM Kommasith in Budapest
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • This is how Hungary could be kicked out of the EU

  • BREAKING: Explosion at a family house, one policeman died in Hungary

  • Another airline to fly to Budapest for Christmas

Support us
Alpár Kató Alpár Kató · 11/03/2019
· Politics

Hungary to build strategic ties with Laos – Laotian FM Kommasith in Budapest

Hungary Laos foreign ministers

Budapest, 2019. március 11. Szijjártó Péter külgazdasági és külügyminiszter (j) hivatalában fogadja Szaleumxay Kommaszitot, a Laoszi Népi Demokratikus Köztársaság külügyminiszterét 2019. március 11-én. MTI/Soós Lajos

Hungary will raise its bilateral ties with Laos to a strategic level, Foreign Minister Péter Szijjártó said after talks with Saleumxay Kommasith, his Laotian counterpart, in Budapest on Monday.

Laos has been a “traditional partner” for Hungary in one of the fastest developing regions of the world and it has had a high economic growth in the past two decades, Szijjártó said, adding that cooperation could be profitable for Hungary. He also praised the achievements of Hungary’s economic diplomacy, which have proven that “it is possible to help Hungarian companies to successful business in remote countries if we use appropriate economic and diplomatic tools”.

Laos and Hungary have so far completed two major projects, worth a combined 38.6 million dollars and financed through a tied aid programme, in the areas of farming and food safety, Szijjártó said. An agreement to launch a third project, worth 160 million dollars, has been made, he added.

Hungarian companies are currently helping Laos with building a new food safety chain, renewing the sewerage system of Vientiane, the Laotian capital, and introducing electronic IDs, while talks are under way to launch a fourth programme of health investment, Szijjártó said.

The turnover of bilateral trade has increased six-fold in the past two years, he added.

Szijjártó also announced that the government has decided to open a consular office in Vientiane to serve an increasing number of Hungarians visiting Laos.

The Laotian foreign minister praised bilateral ties and said that raising relations to a higher level is a reflection of mutual trust. He thanked Hungary for providing scholarships to Laotian students and voiced appreciation for the projects completed under Hungary’s tied aid programme.

laos hungary foreign ministers

Photo: MTI

The two foreign ministers signed an agreement under which holders of diplomatic passports would not need visas for the other country, and another accord on education cooperation in 2020-2022.

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
Asia Foreign Affairs Ministry of Hungary Hungary visit
Share

Hot news

  • President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

  • Michelin Guide Hungary 2023: Sommelier of the Year winner named

  • The Hungarian government would use EU money to build a bridge for military purposes

  • Attention! One of the biggest Hungarian banks is facing a shutdown for several days!

  • Hungarian FM: Global health-care cooperation must be totally depoliticized

  • Fidesz re-elects Kocsis parliamentary group leader

Leave a Reply

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

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

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.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

President Novák: Hungary ready to take part in any peace initiative for a lasting ceasefire in Ukraine

Read More
Michelin Guide Hungary 2023: Sommelier of the Year winner named

Michelin Guide Hungary 2023: Sommelier of the Year winner named

Read More
The Hungarian government would use EU money to build a bridge for military purposes

The Hungarian government would use EU money to build a bridge for military purposes

Read More
Attention! One of the biggest Hungarian banks is facing a shutdown for several days!

Attention! One of the biggest Hungarian banks is facing a shutdown for several days!

Read More

Hungarian FM: Global health-care cooperation must be totally depoliticized

Read More
Fidesz re-elects Kocsis parliamentary group leader

Fidesz re-elects Kocsis parliamentary group leader

Read More
A popular spa at Lake Balaton may disappear

A popular spa at Lake Balaton may disappear

Read More
PM Viktor Orbán: This year they will try to break us

PM Viktor Orbán: This year they will try to break us

Read More
Italy is furious at a Hungarian driver who parked illegally

Italy is furious at a Hungarian driver who parked illegally

Read More
Hungary, Moldova archives sign cooperation agreement

Hungary, Moldova archives sign cooperation agreement

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?