After meeting his Moroccan counterpart, Nadia Fettah Alaoui, in Morocco on Wednesday, Finance Minister Mihály Varga said trade between Hungary and Morocco jumped by 24 percent in the past year, and the growing economy of the region offers good prospects for Hungarian companies. The minister said trade between the two countries reached 260 million dollars last year.
During talks on the sidelines of the general assembly of the European Bank for Reconstruction and Development (EBRD), Minister Varga said Hungarian companies with innovative technologies and products will find new opportunities in Morocco. Hungarian exports of electrical equipment and vehicles there is significant, the finance ministry quoted Minister Varga as saying. The aim is to boost ties in water management, farm and food processing technologies, energy management and property development, he said. The cooperation agreement concluded between the Hungarian and Moroccan customs and tariff authorities will also contribute to the development of ties, as will the Morocco-Hungary Business Council, which is scheduled to start work in the near future, he said.
Photo credit: Facebook/Varga Mihály