-
Deandre Ayton On Criticism After Joining The Lakers: ‘It Fuels Me’ - 12 mins ago
-
French police and judges raid far-right National Rally party HQ - 15 mins ago
-
Over 140 Environmentally Friendly Buses Coming to Budapest - 15 mins ago
-
America Could Get Its First New National Park in Years: What to Know - 30 mins ago
-
Gary Coleman’s ex-wife failed a polygraph test about the late actor’s 2010 fall - 33 mins ago
-
Rockies vs. Red Sox Highlights | MLB on FOX - 55 mins ago
-
Trump Assassination Attempt Suspect Makes Bold Legal Move - about 1 hour ago
-
Sean ‘Diddy’ Combs juror speaks out on prosecution’s RICO case against rapper - about 1 hour ago
-
Hungarian Opera and Ballet Return to Dubai with Exclusive Season Opener - about 1 hour ago
-
Dodgers vs. Brewers Highlights | MLB on FOX - 2 hours ago
FM: Hungary and UAE affirm commitment to expanding cooperation
Minister Szijjártó said the European Union could benefit from closer cooperation with the Gulf Region in light of the region’s marked improvement in competitiveness, even as the EU’s competitiveness had declined.
Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungary and the United Arab Emirates have affirmed their commitment to expanding cooperation based on mutual respect.
Speaking in Abu Dhabi, Minister Szijjártó said bilateral economic ties had developed dynamically, with trade between the countries reaching half a billion dollars in 2024. He added that the sides had agreed to expand their cooperation to new areas, too.
Partnerships between Hungarian and UAE businesses are starting in the areas of crude and gas production as well as renewables, and both sides want to establish closer cooperation in the areas of banking, digital industry, telecommunications and the defence industry, he said. Cooperation in the food industry is expected to expand, too, he added.
Minister Szijjártó said the European Union could benefit from closer cooperation with the Gulf Region in light of the region’s marked improvement in competitiveness, even as the EU’s competitiveness had declined.
He noted that efforts to reach a broad free trade agreement between the EU and the Gulf Cooperation Council had been unsuccessful and pressed for the start of negotiations on a separate free trade agreement with the UAE.
Minister Szijjártó acknowledged the UAE’s stabilising role in the region and other parts of the world and pointed to its important part in the global fight against terrorism. He said the sides had affirmed their commitment to cooperating on initiatives to achieve peace and resolve armed conflicts.
Source link