Péter Szijjártó signs trade agreements with the Prime Minister of Belarus Mikhail Myasnikovich in Minsk

Wednesday, July 10, 2013

State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó concluded several trade agreements with the Prime Minister of Belarus Mikhail Myasnikovich in Minsk on Wednesday, thus laying the foundation for further development of bilateral trade relations between the two countries.

The two sides agreed to launch a direct air service between Minsk, Budapest and Belgrade starting on September 19.

The parties also agreed that negotiations would begin on an investment protection agreement as soon as the required authorization received from the EU.

Belarusian Deputy Foreign Minister Alena Kupchyna and Péter Szijjártó

In addition, talks will begin to re-launch exports of Hungarian cattle to Belarus said the State Secretary, who also met Belarusian Deputy-Foreign Minister Alena Kupchyna and the President of the Belarus Development Bank.

According to the State Secretary, there is also a good chance that Hungarian enterprises could take part in the construction of Dinamo Minsk's new stadium. Eximbank has opened a 250 million Euro national credit line to enable Hungarian enterprises to compete successfully on the Belarus market.

Trade between the two countries in 2012 exceeded USD 237 million.

Belarus expressed interest in cooperating with Hungarian automotive manufacturer Rába, it would like to import engines primarily for agricultural machinery and buses.

During the negotiations, an agreement was also reached on establishing a Hungarian language faculty at Minsk University.

The Hungarian-Belarus Economic Joint Committee will be holding its next session in Budapest on October 8-9, in conjunction with a Hungarian-Belarus business forum.

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