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Investments

Japanese play key role in Hungary’s economic growth

Japanese companies have made a total of HUF 21 billion worth of investments in Hungary, saving more than 13,000 jobs.

Péter Szijjártó, Minister of Foreign Affairs and Trade, highlighted the importance of Japanese companies after receiving a visit from Japanese Ambassador Ohtaka Masato.

The minister thanked the ambassador for giving Hungary the opportunity to buy 2 million favipiravir tablets from Japan, which will help coronavirus patients recover.

Hungarian pork products can also now return to the Japanese market after the previous ban due to African swine fever, a development emphasized as important by Szijjártó. 

He stressed Hungary’s interest in open and free trade and its support for the conclusion of an EU-Japan investment protection agreement. The minister noted the free trade agreement made between China, Japan and South Korea, which created the world’s largest free trade area. 

Szijjártó also mentioned Japan’s ongoing preparations for the Olympics, which Hungarians are looking forward to as well. He pointed out that an agreement has now been reached with five Japanese cities to provide venues for Hungarian athletes to prepare for the Games.

Source
www.vg.hu
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