Hungary and Kazakhstan to sign economic-cooperation agreement

Int’l Relations

During the visit of minister of economy and budget planning of Kazakhstan Bakhyt Sultanov to Hungary from June 20 to 21 a signing of Agreement between governments of Kazakhstan and Hungary on economic cooperation, reports Kazakhstan Today.

The agency was told by the press-service of the ministry of economy and budget planning. On the press service information the agreement will be signed by B. Sultanov on behalf of Kazakhstan, and finance minister János Veres on behalf of Hungary. “Signing of such Agreement will foster development of bilateral trade-economic relations and creation of favorable conditions for mutually beneficial cooperation between two countries,” press service noted. Also the agreement will be “normative-legal document, which will regulate activity of the Kazakhstani-Hungarian commission on trade economic cooperation, the first session of which is planned to be conducted this year.”

The press service reminded that the former intergovernmental agreement on economic cooperation between Kazakhstan and Hungary expired related to the entering of Hungary in May 2004 to the EU. (Gazeta, Kazakhstan)

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