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Hungary and Pakistan Want to Improve Trade Ties



Hungary and Pakistan Want to Improve Trade Ties
Hungary and Pakistan Want to Improve Trade Ties — File/Photo

In recent years, Hungary and Pakistan have expressed a desire to further strengthen their cooperation in economics and trade as well as investment, industry and agriculture as well as information technology, energy, healthcare and pharmaceuticals. They have also expressed a desire to increase exchanges of parliamentary delegations.

During the fifth round of Bilateral Political Consultations (BPC) between Hungary and Pakistan, which took place in Budapest, both countries reaffirmed their willingness to see this happen.

In addition to Dr Muhammad Tariq, extra secretary (Europe), the Pakistani delegation was led by Laszlo Varadi, deputy secretary for state relations with South, who represented the Hungarian delegation. Muhemmed Aejaz, Pakistan’s ambassador to Hungary, was also present at the meeting.

Political, economic, and trade issues, as well as culture, defense, and people-to-people exchanges, were all topics of discussion at the roundtable discussion session.

The two sides also discussed the most recent advances in bilateral relations and the best approach to move forward in order to increase collaboration in a variety of fields.

At the outset of the talks, the participants discussed regional and international problems of mutual interest, such as the situation in Afghanistan and the situation in the Illegally Indian Occupied Jammu and Kashmir (IIOJK).

In response to the establishment of the Hungary-Pakistan Trade and Economic Window (HPTEW) in March 2021, the first Hungary-Pakistan Business Forum, which was inaugurated by the two foreign ministers, and the subsequent visit of Foreign Minister Peter Szijjártó to Pakistan in April 2021, both sides expressed satisfaction with the current pace of cooperation.

During his speech, Dr Tariq emphasized the necessity of regular high-level exchanges to strengthen ties in areas of mutual interest between countries. The additional secretary also emphasized the efforts being made by the government of Pakistan to increase international tourism and foreign investment in the country’s economy.

On behalf of Pakistan, he briefed the Hungarian delegation on the country’s beneficial contribution to peace efforts in Afghanistan, with the goal of achieving an inclusive, broad-based, and complete political settlement in the country through an Afghan-owned and Afghan-led process.

Also addressed was India’s egregious human rights violations in IIOJK, with the additional secretary emphasizing that India had vitiated the atmosphere by taking the illegal and unilateral step on August 5, 2019, and that it was India’s responsibility to create an enabling environment for engagement and result-driven dialogue.

He also paid a courtesy call on Dr Csaba Balogh, Minister of State for Public Administration in the Ministry of Foreign Affairs and Trade, in which he reiterated Pakistan’s commitment to further deepening cooperation with Hungary in a variety of domains.

In addition, the additional secretary met with Marton Schoberil, Deputy State Secretary for Cultural Diplomacy, with whom he expressed views on the promotion of cultural relations between the United States and the Republic of Korea.

Following that, the two countries signed a memorandum of understanding (MoU) on “Cultural Cooperation” between Hungary and Pakistan for the period 2021-2023.

The history of bilateral ties between Hungary and Pakistan has been characterized by friendship, cooperation, and a commonality of viewpoints on a wide range of significant subjects.

When it comes to international fora, particularly the United Nations, the two countries have maintained strong relations. On a long-term basis, Pakistan is dedicated to increasing and deepening mutually beneficial collaboration with Hungary in all areas of shared interest.

Both parties agreed that the next round of BPC will take place next year on mutually agreed-upon dates.

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