articleimg-1
Dec 06, 2019

FM: Bilateral ties between Hungary and Japan are the best they have ever been

The foreign minister said Hungary and Japan’s friendship and alliance is based on mutual trust and respect, as evidenced by the confidence Japanese companies and people have had in Hungary over the years.

The foreign minister has stated that bilateral ties between Hungary and Japan are the best they have ever been.

Péter Szijjártó, Minister of Foreign Affairs and Trade, told an investment seminar in Tokyo that Hungary and Japan’s friendship and alliance is based on mutual trust and respect, as evidenced by the confidence Japanese companies and people have had in Hungary over the years.

According to MTI, Minister Szijjártó said Japanese companies were among the first foreign entities to invest in Hungary during the country’s transition to democracy in 1989-90, a time when he said few had believed that central Europe and Hungary would be capable of achieving rapid growth.

The minister said the creation of the “Hungarian model” in 2010 was a similar turning point. Up until then, the belief had been that a country had to choose between economic growth and fiscal discipline, but Hungary had proven that both could be achieved at the same time.

Minister Szijjártó praised Hungarian-Japanese economic relations, saying that Hungary aimed to further intensify bilateral cooperation.

Photo credit: Origo