BUDAPEST: Hungary’s Foreign Minister Péter Szijjártó said that a good free trade agreement could result in a 15-20% increase in Hungarian exports to the US and 20-30,000 new jobs, he added.
Hungary would likely benefit from any impending EU-US free trade agreement, another official of the employers’ confederation MGYOSZ said. MGYOSZ board member Miklós Horváth told public news channel M1 the TTIP agreement would “bring life to this channel of trade” and help more Hungarian companies on to the market. Hungary’s foreign economic policy should be industryoriented, and the Confederation of Hungarian Employers and Industrialists wants the government to distribute development funding according to industry, thereby increasing the volume of goods produced in Hungary which are then sold in the US.
