Both Varga and Bell agreed that building on a relationship based on reciprocity and trust is highly important, according to a ministry statement. Varga noted that the United States is Hungaryʼs largest export market and the second largest source of imports outside of Europe. Bilateral trade rose by 10.5% to almost $6 bln last year. He also underlined that 40 of the 50 biggest U.S. multinationals have operations in Hungary.