Hungarian business chamber signs cooperation agreement with Chinese trade promotion council

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The China Council for the Promotion of International Trade (CCPIT) signed a cooperation agreement with the Hungarian Chamber of Commerce and Industry (MKIK) at a trade and investment forum with business leaders from the Chinese province of Zhejiang in Budapest yesterday, Hungarian news agency MTI reported.

MKIK chairman László Parragh said business ties between Hungary and China are strong and that the chamber organizes joint events with CCPIT regularly. 

Chinese investments in Hungary add up to $3 billion, but there is room for significant growth, said CCPIT vice chairman Jinzhen Wang. He added that plans for an active import policy could boost deliveries of Hungarian products to Chinese markets. 

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