State Secretary Péter Szijjártó flew to China

Wednesday, April 17, 2013

State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó flew to China on Wednesday to sign a strategic partnership agreement between the Hungarian Government and the Huawei Technologies, the 20th partnership of its kind signed in recent months.

During the visit, Szijjártó gives a speech at the Chinese Enterprises Outbound Investment Conference on the Hungarian investment environment.

The State Secretary will hold talks with Deputy-Minister of Commerce Jiang Yaoping as well as the leaders of China Development Bank and China Railway Construction Corporation about financing and implementing the „V0” train beltway project around Budapest.

Szijjártó will hold talks with Export-Import Bank of China officials about the construction of the Budapest-Belgrade railway link.

Negotiations already began with leaders of Wanhua IG about further investments in Hungary, in addition to the credit agreement, which has already been concluded between Wizz Air and ICBC Bank.

The State Secretary will also meet Deputy-Foreign Minister Song Tao to discuss the expansion of Hungarian-Chinese bilateral relations.

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Anonymous said...

Icelandic trade alliance advances Chinese Arctic ambition

The NEW WORLD ORDER is setting China up as the new empire. It is a false left-right dialectic between the EU and (Communist) China - it is part of the same game. China needs the resources of Iceland and the Arctic more than Iceland needs China. Canada is a similar NWO puppet.

In exchange for advantageous trade tariffs, Iceland may be able to give China the Arctic influence it’s been seeking, as it supports the world’s second largest economy’s bid to join the Arctic Council.

After entering a free trade agreement on Monday, the remote and recession-crippled Iceland is brokering Chinese Arctic access.

Olafur Ragnar Grimsson, President of Iceland, advocates in favor of oil companies and countries without direct territorial claims to the Arctic, and believes they should have a voice in the region’s future.

"We realize that there are other nations in Asia and Europe that have legitimate concerns and enterprises in the Arctic and it's important to involve them in a co-operative effort," Grimsson said.

China doesn’t border the Arctic seas, but is still seeking a permanent observer status on the Arctic Council, an eight nation body with territorial claims to the region, including Iceland...

The Arctic Council members are the US, Canada, Denmark, Finland, Norway, Russia, Sweden, and Iceland.

Iceland provides a unique opportunity for China, as its proximity to the melting Arctic circle (1,000 km) could open up new potential trade routes, and possibly natural resource exploration -gas, oil, diamonds, gold, and iron- all resources any up-and-coming superpower should have its sights on.

China recently completed its largest embassy in Reykjavik, which can reportedly house 500 people, and demonstrates China’s serious interest in the area.

"China is willing to increase exchanges and mutual understanding with Iceland and boost bilateral cooperation in sectors such as clean and renewable energy and fisheries," Chinese President Xi said.

"The Free Trade Agreement (FTA) and the joint declaration inked yesterday between the two nations bear great significance in pushing forward bilateral relations," said Xi.

The move towards China, and not the EU is a political move of independence away from the EU.

Iceland began its EU membership application in early 2010 but in 2012, due to overwhelming opposition and election season, the Icelandic Parliamentary committee suspended ascension talks with the EU. Almost two thirds of Icelanders oppose membership and less than 25% support entrance, according to the most recent islander poll. However, ministers keep hinting at the need to join up with their neighboring economic heavyweight.

The Icelandic economy is still in recovery after the banking bubble burst in 2008. Banks declared bankruptcy instead of getting a bailout, and started from scratch, a unique path to financial stability, that seems to be working for Iceland, as growth slowly recuperates.

When the 2008 economic crisis hit, Iceland shocked economic pundits and let its three largest banks fail, and defaulted on $85 billion... Now that the market has stabilized, they are looking far and wide to expand their export industry.

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