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The sides reviewed the current situation of the economies of the two countries as well as possible areas of further strengthening bilateral relations, the NGM said.
To this end, they discussed the matter of reinstating the bilateral double tax avoidance agreement terminated in July 2022 and agreed to start joint work at the expert level to reinstate the agreement as soon as possible.
The United States is one of Hungary’s most important trade partners and the second biggest partner in the trade of services as well as the third biggest foreign investor in the country.
U.S. companies operating in Hungary generate a substantial part of the GDP and provide the livelihood of around 20,000 families, the ministry said. As chairman of the board of Budapest Airport, State Secretary of the National Economy Ministry (NGM) Lóga pointed out that direct flights will resume between the two countries from May 2026.
During his trip to Washington, the state secretary will also represent Hungary at the annual meeting of the International Monetary Fund (IMF) and hold talks with representatives of leading credit rating agencies and investment banks, the NGM said.
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