ADVERTISEMENT

Szijjártó discusses trade opportunities with Brazilian official

Int’l Relations

Foreign Trade Secretary Péter Szijjártó met his Brazilian counterpart Hadil Fontes da Rocha Vianna for talks in Budapest yesterday, agreeing to jointly work out an action plan to remove the red tape hindering further development of bilateral trade as well as to increase the number of Brazilian students at Hungarian universities.

Building ties with fast-developing regions in the world, including South America, is a priority for the Hungarian government, Szijjártó’s press chief Éva Varga quoted the state secretary as saying at the meeting. As a result of those endeavors, bilateral trade between Hungary and Brazil has increased by 75% during the past three years, Varga said.

Last November, the first Hungarian-Brazilian Economic Joint Committee (HBEJC) meeting was held in Brasília. The meeting saw several cooperation agreements and declarations of intent signed in agriculture and the food industry, including within ecological farming, biodiversity, gene preservation, viticulture/viniculture, forestry, food safety, aquaculture and education sub-sectors.

At that time, Brazil was described as “the most significant trade partner of Hungary in South America.” Government statistics showed that Hungarian exports to Brazil increased nearly 55% year-on-year in 2011, followed by further growth in imports from and exports to Brazil in 2012.

Deputy Prime Minister László Kövér met with Brazilian Vice President Michael Temer in June in Budapest, with the pair announcing Brazil’s importation of 15,000 breeding freshwater fish and plans to increase available academic scholarships for Brazilian students in Hungarian higher education to 2,000.

– Material from Gergő Rácz was used in this story

 



ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.