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Hungarian MP sees breakthrough year for bilateral trade with Taiwan

Hungary is keen to further develop its relations with Taiwan and is looking to have a breakthrough year in bilateral trade, a visiting Hungarian member of parliament told the Central News Agency of Taiwan on Wednesday.

Zsolt Németh, chairman of the foreign affairs committee of the Hungarian Parliament, said he expects Hungary to be the first country in central Europe to sign agreements with Taiwan on avoidance of double taxation and investment protection. Németh, who is in the middle of a four-day visit to Taiwan along with two other Hungarian MPs, also expected Taiwan to lift its ban on the import of Hungarian agriculture products, especially poultry, this year after they were suspended following an outbreak of bird flu in Europe three years ago.

Negotiations on investment protection and double taxation avoidance agreements are in their “final phase”, he said, and once they take effect, they will benefit bilateral trade and investment.

Taking over the EU presidency in January next year, Hungary would like to support initiatives that would bring Europe and Asia closer, Németh said.

Among them, he said, Hungary is in favor of visa-free treatment for Taiwan passport holders. Some 15,000 Taiwanese visited Hungary in 2009. (MTI-Econews)