Azernews.Az

By Rashid Shirinov

Azerbaijan and Hungary have identified promising areas of cooperation during the meeting of two countries’ foreign ministers in Budapest on July 24.

The Azerbaijani Foreign Minister Elmar Mammadyarov underlined that strategic partnership relations between Azerbaijan and Hungary create productive ground for the development of comprehensive cooperation.

Mammadyarov also noted that the support by the Hungarian government for the just position of Azerbaijan on Armenia-Azerbaijan Nagorno-Karabakh conflict and firm stance on resolution of the conflict on the basis of the territorial integrity of Azerbaijan is highly appreciated.

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto, in turn, noted the important role of Azerbaijan in ensuring energy security of Europe and expressed interest of Hungary in import of Azerbaijani gas.

Szijjarto also emphasized the successful activity of Hungarian companies in Azerbaijan, noting that the partners of Hungary from Western Europe are competing for the Azerbaijani market.

Both sides expressed interest in developing cooperation in such spheres as transport, agriculture, industry, education, pharmaceuticals and others.

During the meeting, the ministers also discussed the preparations for highest-level negotiations and for the next meeting of the intergovernmental trade-economic cooperation commission.

Among the South Caucasus countries, Hungary has the highest trade turnover with Azerbaijan. To be more exact, over 50 percent of the Hungarian trade with the South Caucasus region accounts for Azerbaijan. Last year, the trade turnover between two countries amounted to more than $50 million.

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Rashid Shirinov is AzerNews’ staff journalist, follow him on Twitter: @RashidShirinov

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