Politics

Hungarian Foreign Minister Eyes Boost In Technology Export To Mongolia

Mongolia is set to become a key destination for Hungarian technology exports, Foreign Minister Péter Szijjártó said. Szijjártó held talks with Mongolian President Tsakhia Elbegdorj and Foreign Minister Lundeg Purevsuren. He said that Mongolia is rich in mineral resources and is home to one of the largest undeveloped copper and gold deposits in the world.

The Hungarian Foreign Minister said Mongolia’s mining industry and dynamic agriculture have led to a consistent economic growth rate of at least 10% over the past several years. This rapid rate of economic growth has generated a need for technological development, which provides an opportunity for significantly increasing Hungarian technology exports to Mongolia, Szijjártó added.

Hungary’s President János Áder also payed an official visit to Mongolia in April.  He said that Hungarian experts could help to protect Mongolia’s water resources, produce quality drinking water and upgrade the existing network of pipes and canals. Mongolia has demonstrated spectacular economic growth since 1990, János Áder noted, adding that Hungary could also help Mongolia further modernise its economy by contributing to livestock improvement.

via hungarymatters.hu, MTI photo: Foreign Ministry – kormany.hu