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Jun 03, 2019

Hungary builds relations with Canada

Levente Magyar said the main purpose of his visit to Canada was to promote Hungarian food produce among Canadian suppliers with a view to significantly boosting current annual exports of 21 million euros.

A foreign ministry official on tour in Canada has highlighted how interest in Hungarian food produce is “serious and real” in the country and the Hungarian government is making every effort to promote successful partnerships with Canadian firms.

At the end of a three-day visit to Canada, State Secretary Levente Magyar said the main purpose of his visit was to promote Hungarian food produce among Canadian suppliers with a view to significantly boosting current annual exports of 21 million euros.

Magyar held talks with a dozen of importers and with Canadian investors already present in Hungary. He cited Linamar, which has around 3,000 employees and is expanding its bases in Orosháza and Békéscsaba, introducing state-of-the-art technology in agricultural machinery and parts manufacturing. He added that Linamar is an important strategic partner of the Hungarian government and its expansion projects receive government support.

According to MTI, the State Secretary said there was great potential in bilateral cooperation, with current annual trade totaling around 330 million euros, much less than Hungary’s turnover with other countries of a similar size.

The HungaroFeszt in Toronto also offers a good opportunity to present the country, he said. The Alliance of Hungarian Businesses is a driver of the Hungarian community there, organizing events and offering the institutional framework for ethnic Hungarians to nurture their community.

Photo credit: hirado.hu