Prime Minister Viktor Orbán this morning arrived in Beijing for a three-day official visit

Wednesday, February 12, 2014

The Hungarian delegation is seeking to strengthen and further deepen bilateral ties with China said PM Viktor Orbán before meeting Chinese Premier Li Keqiang in the Beijing.

Chinese Premier Li Keqiang said Prime Minister Orbán was the first foreign leader to visit his country in the Chinese New Year signaling the close relationship between the two countries. The two countries had established diplomatic relations 65 years ago; this visit would provide a further boost to bilateral relations said the Chinese premier.

Following today's talks, several bilateral agreements were signed in the presence of the two Prime Ministers.

President of the Hungarian Academy of Sciences József Pálinkás concluded cooperation agreements with the Chinese Academy of Sciences and the Chinese Academy of Social Sciences.

A memorandum of cooperation was signed between the Ministry for National Economy and the Chinese State Tourism Office on the establishment of a joint venture promoting tourism between the two countries.

A declaration of intent on the use of traditional Chinese medicine in Hungary and a memorandum on expert exchange and an agreement on export insurance between the two countries were also signed.

The Hungarian Government is targeting 4 percent economic growth by 2016, Prime Minister Viktor Orbán said at a Chinese-Hungarian business forum held at the China Council for the Promotion of International Trade (CCPIT) headquarters in Beijing.

Addressing an audience of 250-300 business people, the Prime Minister called Central Europe the growth engine of the European Union, adding that Hungary is one of Europe’s most competitive economies, since it now has a major production centre as well as a significant R+D network. He stressed that companies that are present on the Hungarian market are also present on the 500-million-strong EU market.

The Prime Minister drew the attention of Chinese business people to water and waste management, transport organization, managing environmental damage, the automotive industry, engineering services, the energy sector, tourism, medical instruments, the pharmaceutical and food industry and farming technologies as fields of Hungarian expertise and promising areas for economic cooperation.

PM Orbán also announced that Hungary will increase the number of state-funded scholarships offered to Chinese students by 200 as of September 2014.

Prime Minister Orbán held talks with the Governor of the Bank of China, during which it was decided that the Bank will set up its central European regional centre in Budapest and will establish a network of branch offices for Chinese companies operating in Central Europe.

At a business forum jointly organized by the China Council for the Promotion of International Trade (CCPIT) and the Hungarian Investment and Trade Agency (HITA), State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó signed a strategic cooperation agreement with Chinese industrial group Wanhua, owner of Hungarian chemical raw material manufacturing company BorsodChem.

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