Hungary, Taiwan trade deal: Goose for orchids

Deals

Hungary and Taiwan agreed to stimulate their trade of agricultural products, the Taiwanese Agriculture and Food Agency (AFA) announced on Saturday, according to the Tapei Times.

Hungary will sell goose products to Taiwan to supplement the nation’s diminished supply following an avian flu outbreak earlier this year as per the terms settled upon at the meeting. Hungary intends to use Taiwan as a new entry point into Asian markets for agricultural goods

In exchange, Hungary will act as the transit point for Taiwan’s orchid exports to European Union markets, according to the AFA Director-General Chen Chien-pin. 

These new deals will solidify the burgeoning trade relationship between the two countries. The meeting came following the sale of an estimated 205 tons of Hungarian goose meat to Taiwan, and an estimated $120 million worth of Taiwanese orchid products to Hungary last year.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.