The need for cooperation between the East and the West is greater than ever, Péter Szijjártó says.Continue reading
An agreement has been reached between Hungary and Japan on nuclear industrial cooperation, the main aim of which is to ensure that nuclear energy remains a key element of the two countries’ energy strategy, Minister of Foreign Affairs and Trade Péter Szijjártó said in Tokyo on Wednesday.
“We have agreed on close cooperation in the nuclear industry to ensure that this cheap, safe, and environmentally friendly form of energy production remains a key element in our national energy strategies,” he said.
The minister remarked that he also met with the heads of several companies, and the Japan Business Association (Keidanren). In this context, he noted that Japanese companies are the seventh largest investor group in Hungary and have made an indispensable contribution to economic growth in recent years.
Today, Japanese companies from the food industry to the automotive and electronics sectors have stated that they are extremely satisfied with their operating conditions in Hungary,
that they want to invest more and more, create more and more jobs, and continue contributing to keeping the Hungarian economy on a growth path,” he underlined.
Péter Szijjártó hailed the fact that Hungarian exports to Japan reached a record $940 million last year, with another 30 percent increase this year.
The politician called it an important achievement that an agreement had previously been reached to ban only exports from affected areas in the event of virus outbreaks in animals, which will allow much more flexibility for poultry and pork exports in the coming period.
The minister mentioned that there are no disputes between Budapest and Tokyo, which will benefit the further development of economic relations, and that Hungary will soon open a consular post in Osaka.
“Our cooperation is absolutely fair, which is also shown by the fact that, for example,
Japanese rating agencies, unlike Western rating agencies, always paint a fair picture of the Hungarian economy based on facts and do not use ratings as a tool for any kind of political pressure,”
he emphasized.
Via Ungarn Heute. Featured image: Facebook/Péter Szijjártó