Türkiye and Hungary signed 5 commerce cooperation protocols throughout a go to by President Recep Tayyip Erdoğan to the Hungarian capital Budapest on Monday, a senior official stated.
Trade Minister Ömer Bolat in a publish on social media platform X, previously Twitter, stated he, Energy and Natural Resources Minister Alparslan Bayraktar, and Industry and Technology Minister Mehmet Fatih Kacır attended a gathering with Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto and Energy Minister Csaba Lantos to debate joint investments and new collaborations.
The events agreed to convene the primary session of the Joint Economic and Trade Commission (JETCO) committee on Feb. 12, he knowledgeable.
JETCO will present a platform for representatives from the business circle of Türkiye and Hungary to discover mutual alternatives, he added.
Erdoğan’s go to to Budapest got here on the invitation of Hungarian Prime Minister Viktor Orban and coincided with the one hundredth anniversary of the institution of diplomatic relations between the 2 international locations. During the go to, the 2 international locations signed a cooperation settlement to reinforce bilateral relations to the extent of enhanced strategic partnership.
Pledging to keep up efforts to extend Türkiye’s commerce quantity with Hungary consistent with objectives set out by President Erdoğan, Bolat stated, “The Hungarian side stated that our request for an increase in land transit quotas will be taken into consideration and that they will put the development of relations with Türkiye on the agenda during the EU Presidency, which they will assume in the second half of 2024.”
“Our trade volume approached $4 billion (TL 116.2 billion) in the first 11 months of this year. We are determined to achieve our joint goal of $6 billion,” Erdoğan stated in a publish on X.
“We plan to further strengthen our ties in areas such as the defense industry and energy, where we already have fruitful cooperation,” he added.
Among the agreements in a wide selection of fields from training to know-how, a memorandum of understanding (MoU) on cooperation within the protection business was signed by head of Türkiye’s Defense Industries Presidency Haluk Görgün and protection chief Kristof Szalay-Bobrovniczky on the Hungarian aspect.
Furthermore, the Hungarian state-owned vitality conglomerate MVM and Turkish Petroleum Pipeline Corporation (BOTAŞ) inked a MoU to extend the cooperation within the area of pure fuel that will enable Hungary to purchase pure fuel from Türkiye as quickly as subsequent 12 months.
“I hope that the agreement, which includes possible partnerships in the field of natural gas trade, cooperation in the field of underground natural gas storage and LNG (liquefied natural gas) terminals, and the use of hydrogen in natural gas pipelines, will be beneficial for both countries,” stated vitality minister Bayraktar.
In addition, in a separate assertion, Bayraktar famous the 2 sides “signed a ‘Memorandum of Understanding on Cooperation in the Field of Nuclear Energy’ between our ministry and the Hungarian Ministry of Foreign Affairs and Foreign Trade in the presence of the leaders.”
“With the signatures, we aim to make our cooperation in this field more institutional and to increase the sharing of knowledge and experience between the two countries on safety and sustainability in the field of nuclear energy,” he stated.
Türkiye is at the moment within the technique of constructing its first nuclear energy plant within the southern province of Mersin – the Akkuyu Nuclear Power Plant (NPP) – which is anticipated to fee its first reactor subsequent 12 months. Moreover, it has been holding talks with a number of international locations, together with Russia, about constructing a second energy plant within the Black Sea metropolis of Sinop.
Bayraktar in mid-September stated Türkiye was in talks with China to construct the nation’s third nuclear plant in Kırklareli province within the Thrace area.
Source: www.dailysabah.com