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Hungary Opens Foreign Trade Mission in Jerusalem

MTI-Hungary Today 2019.03.19.

Hungarian Foreign Minister Péter Szijjártó and Israeli Prime Minister Benjamin Netanyahu opened Hungary’s foreign trade mission in Jerusalem on Tuesday.

In his speech at the opening ceremony, Szijjártó emphasised Hungary and Israel’s “true friendship”, saying that the trade mission and the organisation of a Hungarian cultural year in the country were signs of the significance Hungary attaches to its relationship with Israel.

The global economy and world politics are undergoing major and swift changes, Szijjártó said, adding that these changes were having a big impact on small open economies like Hungary.

Photo by Mitko Sztojcsev/Ministry of Foreign Affairs and Trade

The Hungarian economy, he said, “is entering a new dimension” in which the focus would be on innovation.

Israeli companies develop and use the most state-of-the-art technologies, and it is in the interest of Hungary and Hungarian firms to cooperate closely with them, the minister said. This is why, he said, Hungary had decided to open a trade mission in Jerusalem.

Szijjártó said Hungary’s Eximbank has opened a 555 million euro credit line to promote bilateral business ties.

Photo by Mitko Sztojcsev/Ministry of Foreign Affairs and Trade

As regards the two countries’ friendship, the minister said Hungary had always fought for a “fair and balanced approach” to Israel on the part of the international community.

Szijjártó added that Hungary will not implement the European Commission’s decision to label products from Israeli settlements. Hungary believes that closer and more dynamic cooperation is needed between the European Union and Israel, he said.

Foreign Minister: ‘Israeli Companies Satisfied with Hungarian Environment for Doing Business’

Netanyahu also underscored the significance of the trade mission, noting that the announcement of the mission’s opening had been made by Prime Minister Viktor Orbán when he visited Jerusalem last month.

Netanyahu said the two countries’ friendship and trade relations were closer than ever before.

The prime minister expressed his gratitude for Hungary’s support for Israel at international forums and its strong stand against anti-Semitism.

On the featured photo: Péter Szijjártó and Benjamin Netanyahu opening the trade mission. Photo by Mitko Sztojcsev/Ministry of Foreign Affairs and Trade