Hungarian Foreign Minister Péter Szijjártó is visiting Pakistan to boost bilateral trade and energy cooperation between the two nations. Accompanied by a high-level business delegation, Szijjártó will meet with Deputy Prime Minister and Foreign Minister Ishaq Dar to explore new business opportunities.
Key Highlights of the Visit:
- Economic Cooperation: The focus of the visit is to deepen collaboration in economic, trade, energy, and investment sectors.
- MoU Signings: Memorandums of Understanding (MoUs) and an Agreement on Cooperation in Culture, Archaeology, and Cultural Heritage will be signed during the visit.
- Visa Agreement: An agreement on the Abolition of Visas for holders of Diplomatic Passports will also be signed.
Potential Trade Opportunities:
- Increased Bilateral Trade: Hungary is interested in increasing bilateral trade ties with Pakistan, with potential for Pakistani exports such as:
- Pharmaceuticals
- Surgical Instruments
- Sports Goods
- IT Services
- Cutlery Products
- Business Meetings: Zoom meetings between small and medium-sized enterprises (SMEs) of both countries can help improve trade ties.
This visit marks an important milestone in Pakistan-Hungary relations, which have strengthened over the years due to regular high-level exchanges and common views on regional and international issues.
