Govʼt mandates Africa trade and diplomacy measures

Initiatives

wiki

Hungaryʼs government mandated a number of measures that aim to place Hungaryʼs trade and diplomacy in Africa "on a new footing" in a resolution published in the latest issue of the official gazette Magyar Közlöny, state news wire MTI reported Wednesday.

Image: Wikimedia Commons

The measures are based on the understanding that migration from Sub-Saharan Africa "can be sufficiently managed by developing countriesʼ economies, creating jobs and ensuring a livelihood locally," MTI cited the resolution as saying.

The resolution mandates a review of Hungaryʼs ties with countries in the region in the interest of strengthening and expanding them, and a survey of Hungarian exporters or investors active in the region with the aim of uncovering and removing administrative or technical obstacles to doing business in Africa.

The foreign minister will report to the government annually on international development projects Hungary may be able to undertake in the region, especially those in the areas of water management, infrastructure development, security, cybersecurity, agriculture, healthcare, and medical technology.

The resolution also instructs the foreign minister to gauge the need for, and scale of, government support for investments by Hungarian companies in the region.

The government is weighing the possibility of opening a diplomatic trade mission in Côte dʼIvoire, as well as preparing an agreement on establishing an intergovernmental cooperation committee with South Africa. 

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

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.