Iran-Hungary trade relations are expanding

Iran-Hungary trade relations are expanding
  • 2021-02-27
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Deputy Minister and Director General of the Trade Development Organization of Iran at the Hungarian Webinar: Given the country's position in the European Union and in parallel with Iran's position in West Asia, the Eurasian market and surrounding countries, there are many opportunities to develop cooperation that can be exploited.

According to the International Iranian Stone Exhibition, Hamid Zadboom thanked Christoph Sezabo, Head of the Hungarian Export Development Agency, Zoltan Varga Hazo Nietz, Ambassador of the Republic of Hungary to Tehran, Ali Mohammad Mousavi, Deputy Minister and Director General of the Investment and Economic Aid Organization. And Iranian technician and Hamid Reza Nafez Arefi, Ambassador J. ا. In Budapest, Iran said: "The good and promising path of bilateral relations between Tehran and Budapest and the acceptable prospect of future cooperation is gratifying."

He added: "To deepen these friendly relations, which are about ninety years old, Iran is ready to fully develop relations with friendly Hungary and countries in southeastern Europe and the Balkans, and in this regard, will spare no effort."

The Deputy Minister and Director General of the Trade Development Organization of Iran continued: "Considering the geographical location, the history of economic relations and cooperation, and the abundance of suitable and potential capacities, Hungary has an important place in Iran's economic diplomacy."

Zadboom said: "Unfortunately, for various reasons, including unfair sanctions against Iran, the volume of trade and economic exchanges between the two countries has decreased significantly in recent years, but we hope that with the change in the world, previous economic agreements will be achieved and trade relations will expand in the future." Let's be close.

He said: The holding of the first joint economic commission on 6 to 9 February 2017 shows the development of economic relations between the two countries in recent years and the increase in trade in 2018 by $ 183 million has set a new record.

The Deputy Minister and Director General of the Trade Development Organization of Iran added: "But this figure decreased to about $ 41 million in 2019, which was due to problems that can be solved."

Zadboom concluded: "I hope that with the assistance of the Hungarian Ministry of Foreign Affairs and Trade, as well as the constructive cooperation of all parties present at the current webinar, we will see the achievements and good results of these contacts in the near future."

It is worth mentioning that joint cooperation for the production of various pharmaceutical raw materials, biotechnological drugs, anti-cancer drugs, medical diagnostic kits and various drugs, cooperation in the fields of water industry, power plants and refineries, including new energies, turbines, compressors, generators, water resources, treatment Water and environment, cooperation in the field of construction of agricultural machinery and equipment (tractors, combine harvesters, seeders, pressurized irrigation, etc.), establishment of industrial slaughterhouses and construction of livestock and poultry breeding units, exchange of agricultural and horticultural products between the two countries Considering the existing capacities, cooperation in the field of conversion and complementary industries of agriculture and food industry and chemical industries, participation and investment in joint mining and exploration projects by signing mining memoranda with regard to mining history in Hungary are among the areas that Iran to cooperate with. Hungary is ready.

Notes the establishment of relations between Iranian auto parts manufacturers in the form of a subcontracting system called ISPX, the export of leather products and furniture and the import of items used in the country's cellulose industry, taking into account Hungary's capabilities in this area and negotiations for joint ventures with Hungary in the sectors of interest to both sides, the possibility of exporting fibers and yarns, fabrics and various types of flooring, including carpets and other flooring from textiles, blankets and bedding, and clothing are high-capacity areas for cooperation between the two countries.

Also, cooperation in the field of production, commercialization, internationalization and investment in the field of knowledge-based products, high-tech, creative products and utilization of international accelerator services, investment funds, technology products and venture capital fund (VC), cooperation in tourism, especially cultural tourism. Medical tourism and industrial tourism, joint investment and cooperation to manufacture products exportable to third countries, especially neighboring countries c. ا. Iran, visiting the industrial estates of Hungary in the form of experience exchange tours and attending training workshops related to how to manage and maintain industrial estates and providing the required infrastructure are other areas where there is a possibility and opportunity for cooperation between Iran and Hungary.

* ILNA