Szijjártó Warns Against Severing Economic Ties Between EU, China
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Minister of Foreign Affairs and Trade Peter Szijjarto voiced Hungary's "firm opposition" to "severing" economic cooperation between Europe and China on the sidelines of a meeting of European Union trade ministers in Stockholm on Friday, according to a report by state news wire MTI.
Hungary is pressing for measures in the interest of establishing ties that are mutually advantageous, Szijjártó said.
He said actors both in and outside of the European Union are trying to "artificially separate" the European and Chinese economies and warned that achieving that end would mean the practical "decapitation" of the European economy. He added that divorcing the European and Chinese economies would cause "fundamental harm" to the European automotive industry which has to undergo a rapid transformation to meet emissions reduction targets Brussels has set.
He noted that seven of the 10 biggest battery makers in the world are Chinese and said Hungary is an important "meeting point" for Western automotive industry companies and Asian battery makers.
Szijjártó warned of the "extraordinary damage" that could result if "dogmatic, ideological and political" factors are put ahead of "economic reality".
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