New Trade House for Beijing, agreements with China
As a result of his official visit to China, Foreign Trade State Secretary Peter Szijjártó was today able to announce the imminent opening of the Hungarian Trade House in Beijing.
The Hungarian and Chinese founders of the trade house have agreed with the state-owned Hungarian National Trade House, and the lawyers have only to sign the papers, Szijjártó informed MTI news service.
He said Hungarian exports to China in 2013 were up 16% year-on-year through August. He added that the drug, food, wine and water management industries could boost their trade with China.
Healthcare cooperation and trade agreements were among documents signed by Szijjártó today, the state secretary informing MTI that he had met Deputy Director, National Health and Family Planning Commission Ma Xiaowei to sign a Hungary-China Health Action Plan for 2014-2016, which will enable the two countries to set framework conditions for health, pharmaceutical and research cooperation.
Szijjártó also met the vice minister for commerce, Zhong Shan, who is also China's International Trade Representative, and they signed a bilateral framework agreement on infrastructure which sets the strategic goal of making Hungary a transit country in Central Europe for Chinese goods bound for Europe. Talks on the finances of necessary investments linked to these plans are under way, Szijjártó said.
He also met Yu Tawei of the Chinese State Office for Quality Control, Inspection and Quarantine and signed an agreement to set up a Budapest laboratory for the office which should help the export of Hungarian food, processed food and agricultural products to China.
Szijjártó then met the deputy minister of the Ministry of Human Resources and Social Security and they signed an agreement on the exchange of experts between Hungary's National Innovation Office and China's State Office of Foreign Experts.
Szijjártó will cap his activities with a visit to the headquarters of handset maker ZTE later today.
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.