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Pak, Hungary to become ideal trading partners


4/13/2017

Naveed Ahmad Khan

Islamabad
 
Pakistan and Hungary agreed to enhance their bilateral cooperation, especially in agricultural industry, food industry, machine industry, environmental and energy industry and water & sanitation. The Hungarian delegation was headed by Deputy State Secretary for the Southern Opening of the Ministry of Foreign Affairs and Trade Szilveszter Bus. Hungary and Pakistan have enjoyed friendly diplomatic relations for the past 50 years.
 
He said that the two sides also had a detailed exchange of views on regional and international issues of importance and agreed to continue collaborating at the United Nations and other multilateral fora.
 
He said Pakistan among other major players is viewed as an important partner in the region, Hungry recognized the role and significance of strategically located Pakistan in fighting against terrorism, contributing to sustainable peace and stability in the region. Pakistan is not only important due to its central location, but also because of its massive population and growing market. These factors present a wide range of opportunities for mutual cooperation. Hungary and Pakistan are complementary markets which make them ideal trading partners.
 
The deputy state secretary also called on Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi. Fatemi expressing satisfaction on the overall trajectory of bilateral relations, stressed the need for further strengthening of bilateral economic and trade relations, which were not commensurate with the actual potential of the economies of the two countries.
 
He also briefed the Hungarian delegation on the Pakistan’s peaceful neighborhood policy, including peace initiatives towards India and the role played by Pakistan in bringing peace and stability to Afghanistan.
 
The deputy state secretary also signed an agreement on economic cooperation between Pakistan and Hungary at the Economic Affairs Division. The agreement will help in formalizing and further strengthening of economic and trade relations between the two countries.
 
Pakistan and Hungary cooperate closely on bilateral and multilateral issues. The Annual Bilateral Political Consultations provide a useful platform to review progress throughout the entire spectrum of relations and identify opportunities for future areas of cooperation.