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FM: Hungary and Argentina to boost economic cooperation

The foreign minister said Argentine companies are expressing more and more interest in Hungary, given that it is “the most business-friendly environment and has the lowest taxes in Europe”.

Speaking in Buenos Aires on Wednesday, Péter Szijjártó, Minister of Foreign Affairs and Trade, said everything is in place for Hungary and Argentina to boost their economic cooperation, as there are no political disagreements between the two countries.

While in Buenos Aires for talks with his Argentine counterpart, as well as local business leaders interested in Hungary, the foreign minister said Argentine companies are expressing more and more interest in Hungary, given that it is “the most business-friendly environment and has the lowest taxes in Europe”. Bilateral trade turnover grew by 80 percent to reach a record high of over 200 billion dollars last year, he said. “There are serious opportunities for economic cooperation before us,” the minister said. Under an agreement to be signed by the two countries, Hungary will offer 25 scholarships each year to Argentine students to study at Hungarian higher education institutions, he said. Meanwhile, Minister Szijjártó said the armed conflict in Ukraine had a negative impact on the entire world. Hungary and Argentina are in agreement that the war must end as soon as possible, he said. “We would like the international community to finally put aside proposals that risk the escalation, continuation or spread of the war,” he said.

Photo credit: Facebook/Szijjártó Péter