Szijjártó: Ecuador sees Hungary as its regional trading center
kormany.hu/Gergely Botár
From now on, Ecuador will consider Hungary its regional trading hub in eastern Europe and Hungary will soon open an embassy and a trading house in Quito, Foreign Minister Péter Szijjártó said after talks with Ecuadorean government officials.
Szijjártó met acting Minister of Foreign Trade Genaro Baldeon, Foreign Minister Ricardo Patino and Vice-President Jorge Glas to discuss bilateral diplomatic and economic relations.
Hungary will reopen its embassy in a month or two, and establish a trading house in August, he told MTI over the phone.
The measures are expected to give a boost to what is now a "low" bilateral trade turnover of $6.6 mln a year, the minister said.
Szijjártó and his negotiating partners identified four prospective areas of cooperation, namely information technology and innovative industries, water management, medical technology and trade in pharmaceuticals.
It was agreed that Hungary would grant scholarship to 50 Ecuadorean students in its universities, he said.
Hungaryʼs focus on Ecuador is all the more justified as Quito is the seat of the Union of South American Nations (UNASUR) and Ecuador is holding the rotating presidency of the Community of Latin American and Caribbean States (CELAC), Szijjártó said.
The CELAC and the European Union are scheduled to hold a summit in June on setting up a southern monetary fund and Europeʼs involvement in developing technology and the infrastructure, he said.
Following his visit to Ecuador, Szijjártó will hold talks in Mexico and Chile.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
