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Hungarian PM sees Hungarian Season in China a milestone in development of ties (2)
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13:18, September 01, 2007

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The importance of the Hungary-China partnership is also reflected in the Hungarian government''s new foreign policy strategy that is currently in the process of being approval.

The two countries'' political ties at different levels are constantly expanding and deepening. "With regard to the future, I genuinely hope that the current dynamism of our relations can be sustained in both political and economic dimensions," Gyurcsany said.

Meanwhile, the Hungarian-Chinese economic relations are developing vigorously with Hungary''s export growing, Chinese investment in Hungary expanding and Chinese tourists increasing, said the prime minister. China has become Hungary''s number one trading partner in Asia. In the first five months of this year, both exports and imports of Hungary grew by 21 percent.

Hungarian statistical data showed that the bilateral trade reached 4.6 billion U.S. dollars last year. "We are happy to see that there has been a dynamic growth in exports to China over the last two years. We are confident that our export volume can reach 1 billion dollars this year," said the prime minister.

"We welcome Chinese investors in Hungary. Hungary can play and has already been playing a very useful role in China''s foreign trade and investment operations with Europe thanks to its excellent geographical and logistical features," he said.

Gyurcsany hoped the Hungarian-Chinese economic relations would be duely adjusted to meet the requirements of the 21st century, with more emphasis being put on research and development, IT, biotechnology, the introduction of agricultural production systems and modern logistics.

Speaking of Hungary''s role in promoting the development of the EU-Chinese relations, the prime minister said Hungary''s accession to the EU has won China a new friend in the organization. He added that Hungary is fully aware of the strategic importance of the EU-Chinese relations, and the rapid development of the Hungarian-Chinese relations is completely in line with the advancement of the EU-Chinese cooperation. Hungary supports the strengthening of cooperation between the EU and China, he added.

Source: Xinhua
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