State secretary meets South African business leaders

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Deputy state secretary of the Ministry of Foreign Affairs and Trade, László Szabó, met with South African business leaders at a forum late Tuesday.

Szabó told MTI on the telephone that Hungarian companies could cooperate with South African partners in the areas of irrigation and water management. Cooperation in the defense industry is another promising area, in particular mobile hospitals, water purification systems and laboratory equipment, he added.

Szabó met with his counterparts in South Africaʼs foreign affairs, water management, trade and commerce, and education ministries during his visit to Pretoria and Johannesburg.

The Hungarian National Trading House already operates one unit in South Africa and is working to establish another.

The Hungarian Export-Import Bank has opened a $200 mln line of credit to support investments in South Africa by Hungarian SMEs.

Szabó said that Hungary wants to extend the period during which South African citizens may stay in Hungary without a visa from 30 to 90 days.

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