The foreign minister has highlighted how cooperation with Turkic countries has benefited Hungary’s economy.
During an official visit to Istanbul in Turkey, Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungary’s exports to member states of the Turkic Council (Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey and Uzbekistan) increased by 77 percent and the volume of trade with these countries doubled during the period.
At a joint press conference with Baghdad Amreyev, the secretary general of the Turkic Council, the foreign minister added that Hungary’s exports to the Council’s countries this year have gone up by 43 percent. The minister said that all of the country’s increasing exports had greatly contributed to achieving its economic growth target.
The minister added that Hungary will join the alliance of Turkic Chambers of Commerce and Industry, which will hold its next business forum in Budapest in September. He said Hungary will also participate in the setting up of a Turkic Investment Fund and a Turkic Development Bank. He also noted Hungary’s role in establishing an institute of drought prevention under the auspices of the Turkic Council. “This is expected to give a boost to the exports of Hungarian water management and agricultural technologies,” he said.