József Vizsy and Dr. Farkas Bársony sign agreement on April 22.

The intent of the agreement is to establish a framework for dialogue on how to boost Hungary’s competitiveness regarding domestic and foreign trade regulations and customs affairs, the press release noted.

Through the agreement, the two parties will share information and become involved in ongoing professional collaborations. Additionally, AmCham and HACA have agreed to provide feedback on legislation and recommend amendments as well as communicate with the respective authorities, the press release added.

“Economic regulators must help the growth of the domestic economy in accordance with the regulations of the European Union. Regulations involving international trade and related issues greatly effect the competitiveness of Hungary and local businesses – trade and custom affairs regulations have a significant role in this,” said Bársony.

Following the signing of the agreement, Vizsy highlighted as a top priority the adoption of more modern customs solutions and a more competitive approach to logistics similar to those employed by international firms.