The agreements will focus on expanding Hungary’s participation in China’s Belt and Road Initiative.
Budapest plans to sign at least 16 agreements with Beijing during Chinese leader Xi Jinping’s visit to Hungary on May 8. This was announced by Hungarian Foreign Minister Peter Szijjártó, Bloomberg reports.
According to the publication, there should be a total of 18 bilateral agreements, but two of them are still under negotiation.
The remaining 16 agreements will focus on expanding Hungary’s participation in China’s Belt and Road Initiative, including additional rail, road and energy projects. In addition, the countries will also consider the possibility of cooperation in the nuclear field.
Bloomberg said Hungary has one of the most pro-Chinese governments in the EU and is resisting international pressure to reduce economic ties with Beijing. Hungary has also become one of the main destinations for new Chinese investment in Europe.
We remind you that on May 5, for the first time in the past five years, the Chinese leader came to France. The head of the European Commission, after a meeting with Xi Jinping, said that EU members hope that China will use its influence on Russia after the end of the war against Ukraine.
Xi Jinping, in a meeting with the French President and the head of the European Commission in Paris, said that China hopes to build a strategic partnership with the EU.
Xi Jinping supported the peace summit, but named the condition
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.