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Aug 27, 2020

Hungary’s foreign policy focused on promoting country’s economic interests

Minister Szijjártó called Hungary’s foreign policy “balanced and patriotic”. Its aim, he added, was to draw tech investments into the country from the East, not only the West.

 

Péter Szijjártó, Minister of Foreign Affairs and Trade, told a meeting of Hungarian ambassadors that Hungary’s foreign policy is focused on promoting the country’s economic interests.

According to MTI, the minister said the aim is to draw as many investments into the country as possible in the forthcoming period. Minister Szijjártó said, in his speech streamed live on Facebook, that Hungary’s economy-focused foreign policy has given the country a singular competitive edge.

When it comes to “the global competition to re-distribute capacities”, Hungary can rely on a “pan-global network,” he said. Large corporations scaled back production during the pandemic, Minister Szijjártó noted, adding that some were likely to restructure and rationalize their operations after the crisis. He said this presented “a huge opportunity” for Hungary, which would strive to convince such companies to relocate operations here.

Minister Szijjártó called Hungary’s foreign policy “balanced and patriotic”. Its aim, he added, was to draw tech investments into the country from the East, not only the West. Whereas Hungary is a loyal ally of the EU and NATO, its foreign policy “will not be limited to a narrow field,” he said.

Finally, Minister Szijjártó called on the diplomatic corps to continue to stand up forcefully for the interests of Hungary and Hungarians.

Photo credit: Péter Szijjártó