Orbán: Hungary can support closer ties between Europe, Asia


Balázs Szecsődi/kormany.hu

Hungarian Prime Minister Viktor Orbán outlined ways Hungary can contribute to stronger cooperation between East and West at the Asia-Europe Meeting (ASEM) summit in Brussels on Friday, Hungarian news agency MTI reported.

Orbán meets Japanese Prime Minister Shinzō Abe (photo by Balázs Szecsődi/kormany.hu)

Hungary can support this cooperation by removing obstacles to trade and investments, by developing connecting points between East and West, and by forging closer ties between people in both places, Orbán told the summit.

The Hungarian prime minister urged faster progress on free trade agreements, regardless of whether they are at the negotiation or the ratification stage. These agreements should include the widest possible range of goods and services, he added.

Cooperation between regional financial institutions, such as the European Investment Bank (EIB), the Asia Infrastructure Investment Bank (AIIB), and the International Investment Bank (IIB), should also be deepened, Orbán said.

Speaking to journalists on the sidelines of the conference, Minister of Foreign Affairs and Trade Péter Szijjártó echoed Orbánʼs remarks, saying Hungary is pressing for closer cooperation between Europe and Asia in key areas. Talks on free trade agreements need to be accelerated, he added.

Heads of government and state from 51 countries participated at the 12th ASEM Summit last Thursday and Friday, October 18-19.

Friction reported over Hungaryʼs China stance

A report on news site 444.hu said that participants at a meeting of the V4 countries with Japan had failed to sign a common declaration due to Hungaryʼs pro-China stance.

The planned declaration by Japan and the V4 countries - Hungary, Poland, the Czech Republic, and Slovakia - had initially contained two references to controversial China-related topics: one relating to South China Sea disputes, and another to the safety of sea travel.

According to the 444.hu report, both references cast a negative light on the current Chinese stance regarding these issues and diplomatically condemned them. The report added that the Hungarian government insisted on deleting these references from the document, but Japan was unwilling to sign a declaration modified in this way.


EUR 1.4 bln Trade Deficit in November Trade

EUR 1.4 bln Trade Deficit in November

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021 Government

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021

Egypt Raises Order of Hungarian Rolling Stock to EUR 1.1 bln Transport

Egypt Raises Order of Hungarian Rolling Stock to EUR 1.1 bln

Hungary Adopting Performance-based Financing for Arts Art

Hungary Adopting Performance-based Financing for Arts


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.