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Oct 13, 2016

Hungary to host World Export Development Forum

The right to host 2017's forum was a “major commendation for Hungary, an open economy whose strength depends greatly on investments and exports”

Budapest has been awarded the hosting rights to the World Export Development Forum in 2017, Péter Szijjártó, minister of Foreign Affairs and Trade, has announced.

According to MTI and Politics.hu, Szijjártó said the right to host the next forum was a “major commendation for Hungary, an open economy whose strength depends greatly on investments and exports”.

Therefore “any event that increases Hungary’s visibility in the area of foreign trade contributes to its economic growth," Szijjártó said, adding that Hungary supports free trade.

The digital revolution, as a new phase of the global economy, carries greater significance than the industrial one, he said, adding that all countries must embrace the new “economic industrial-trading age” to be successful.

Hungary has “put its foreign policy in the service of its foreign economic objectives” as well as crafting a digital trading platform for businesses and private individuals dubbed Digital Hungary.