Hungary will open five new embassies in South America and Sub-Saharan Africa within the next 18 months in a bid to boost relations, the Hungarian foreign minister said. There has been an economic uptick in Latin America and Africa in the recent past which could be turned to Hungary’s benefit, with the country exporting a lot more services to countries on these continents, Péter Szijjártó said.
Hungary’s exports to Latin America and Africa currently amount to 2.3%, as opposed to the close to 5% by Germany and The Netherlands, he said. Szijjártó said Hungary would seek to boost its exports in info-communications and water management services, and in engineering know-how to these regions. To serve the southern opening strategy, Hungary will open embassies in Colombia and Peru, as well as in Angola, Ethiopia and Ghana, the minister said. The number of honorary consuls representing Hungary in the two regions is planned to be increased by 11 to 68, with two serving in Latin America and nine in Africa, Péter Szijjártó said.
As far back as March 2015, Péter Szijjártó announced Hungary’s new ‘southern opening’ strategy, which aims to open a new chapter in Hungary’s trade-based diplomacy. He said that Hungary would not only open new embassies in the coming years, in Ecuador but also six Hungarian trading centres in Ethiopia, Angola, Chile, Ecuador, Peru, and Kenya. Hungary’s Eximbank will open a 3.7 billion dollar credit line to help Hungarian businesses in the two regions, he added yesterday.
via hungarymatters.hu, MTI photo: origo.hu