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SZIJJÁRTÓ: HUNGARY-ANGOLA TRADE TURNOVER UP 43% THIS YEAR

 

The annual trade turnover between Hungary and Angola increased by 43% this year, Foreign Minister Péter Szijjártó said on Facebook. Speaking after a phone call with Téte António, his Angolan counterpart, Szijjártó, who is currently in quarantine having contracted coronavirus, said they had discussed bilateral cooperation and the 45th anniversary of the two countries’ establishment of diplomatic ties. Hungarian businesses have found significant opportunities to expand their presence in Angola’s food processing and electronic public administration sectors, Szijjártó said. To protect their investments, Hungary and Angola will speed up their talks on agreements on the avoidance of double taxation and the mutual protection of investment projects, he added.
Szijjártó noted that Angola is set to assume the presidency of the Community of Portuguese Language Countries (CPLP). Close cooperation within the organisation — in which Hungary has observer status — will help open the doors to even more countries, he said. The minister also said Hungary will increase the number of scholarships it offers to Angolan university students to 50 a year.