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The foreign minister said Hungary sends 80 percent of its exports to the EU, but its second-largest export market is the US, followed by China. Therefore, it would be completely against Hungary’s interests for its three largest export markets to enter into a trade war with one another
During an official visit to Shanghai, Péter Szijjártó, minister of Foreign Affairs and Trade, revealed that a 45 billion HUF (141 million EUR) power plant project will be built in Hungary, and air passenger links between the two countries could expand
Péter Szijjártó, minister of Foreign Affairs and Trade, said there was no competitive financing alternative available in Europe for infrastructural investment - the 18-year US dollar loan from China with annual interest rate of 2.5 percent was the best option
The foreign minister said one of the major challenges facing Hungarian foreign policy is the migrant crisis. The minister said it was unlikely that the pressure of migration on Europe would ease, adding that emigration and migration would continue to be ongoing issues in both Africa and the Middle East
Last week, Budapest played host to the 7th China-CEEC Summit, gathering Chinese Premier Li Keqiang and the prime ministers, heads of state and senior figures from 11 EU member states and five non-EU countries to advance cooperation between China and Central and Eastern Europe.
The prime minister addressed representatives at the 7th China-CEEC Summit (16+1 Summit) in Budapest on Monday, and highlighted how the 16 CEE countries in attendance were the “engine” behind Europe’s economic growth