The foreign minister said that despite a great distance between Hungary and Australia, bilateral economic cooperation is “continually expanding”.
Following talks with Dan Tehan, Australia’s trade minister in Paris, Péter Szijjártó said on his Facebook page that turnover of bilateral trade had increased by an annual 49 percent, adding that Hungary would soon start exporting food products to Australia.
The minister added that Hungary supports a free trade agreement between the European Union and Australia and regrets that negotiations have been postponed due to a conflict between Australia and France. Hungary also supported the election of Australia’s Mathias Cormann to secretary-general of the OECD, Minister Szijjártó noted. The Hungarian EXIM Bank has set up an 800 million dollar credit line to help Hungarian businesses’ activities in Australia, Minister Szijjártó noted, adding that a new Hungarian representation to be opened in Sydney would further promote Hungarian companies.
Photo credit: Facebook/Szijjártó Péter