Agriculture, food industry, plastic and motor industry. These are the fields of definite co-operation between the Islamic Republic of Iran and Hungary. Péter Szijjártó briefed us after the first Hungarian-Iranian Joint Committee meeting.

The Minister of Foreign Affairs and Trade explained that the trading between the countries had fallen by 90 per cent during the period of sanctions against Iran. However, the nuclear agreement made it possible for Hungary, too, to exploit the opportunities offered by the 80-million population country. Péter Szijjártó announced that Eximbank would create a EUR 85 million facility to assist co-operation between Hungarian and Iranian businesses. Investment protection procedures are also to be put in place to guarantee companies legal safety, the minister added.

 

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