Hungary, 11 May 2024 (TDI): Xi Jinping, President of the People’s Republic of China, visited Hungary from May 8 to 10, 2024, upon the request of Tamás Sulyok, President of Hungary, and Viktor Orbán, Prime Minister of Hungary. The meeting aimed at upgrading comprehensive strategic partnership etween the two countries.
President Xi Jinping engaged in discussions with President Sulyok and Prime Minister Orbán during the visit. They engaged in extensive discussions on bilateral connections and global and regional matters of shared concern, ultimately reaching a wide-ranging agreement.
Furthermore, in commemoration of the 75th anniversary of the beginning of diplomatic relations between China and Hungary, both parties have agreed to upgrade their existing comprehensive strategic relationship to an all-encompassing comprehensive strategic partnership for the modern era.
This partnership indulged in a broad range of areas of cooperation. In addition to this, they discussed in the renewed partnership that both China and Hungary will utilize the multilateral as well as bilateral platforms to engage the leaders in strategic alliances and further guidance.
Moreover, both countries acknowledged their development agenda and gave an optimistic outlook for further development in their respective countries. During the agreement, Hungary anticipates that China will effectively accomplish the Second Centenary Goal and achieve significant advancements in the comprehensive rejuvenation of the Chinese nation through its modernizing endeavours.
China also recognizes Hungary’s notable achievements in domestic progress and applauds its peaceful, inclusive, and practical approach to international relations. In addition, China acknowledges Hungary’s valuable role in enhancing regional stability and promoting the collective prosperity of Europe.
During their bilateral dialogue, both countries showed commitment towards each other goals. President Xi acknowledged the Hungarian foreign and domestic policies that led to the development of the Hungarian economy. Hungarian President recognized and supported the strong support for the one-China policy.
Both parties acknowledged that their collaboration under the Belt and Road Initiative (BRI) has produced advantageous outcomes and that the BRI has had a beneficial impact on fostering economic growth and enhancing the well-being of citizens in both nations.
Moreover, to strengthen the China-Hungary comprehensive strategic partnership, both parties are dedicated to improving the coordination between the Belt and Road Initiative (BRI) and Hungary’s “Eastern Opening” program.
Both parties aim to do this by utilizing mechanisms and platforms like the China-Hungary Inter-Governmental Belt and Road Cooperation Committee and the Belt and Road Cooperation Promotion Center; both parties will aim for more significant advancements in high-quality Belt and Road cooperation.
The Hungarian government acknowledges the valuable contribution made by Chinese firms to the growth of Hungary. It warmly encourages additional Chinese enterprises to invest and engage in business activities in Hungary.
Furthermore, Hungary is committed to creating a favourable investment and business climate to support these enterprises. Both parties recognize that Hungary possesses advantageous resources that can serve as a convergence point for Eastern and Western economies and technologies.
During their discussion, the two parties will promote systematic collaboration in emerging fields such as renewable energy, artificial intelligence, mobile communication technology, and nuclear energy and technology.
Both presidents noted that The Hungary-Serbia Railway is an important project under the Belt and Road Initiative that exemplifies Chinese-Central and Eastern European cooperation.
As a result, both sides are eager to actively promote the construction of the Hungary-Serbia Railway’s Hungarian sector and work together to advance connectivity throughout Central and Eastern Europe further.
Moreover, a range of areas were covered under their renewed strategic partnership. China and Hungary emphasize the mutual benefits of their economic cooperation, emphasizing trade, the digital economy, and sustainable development in particular. They pledge to streamline customs processes for global trade and enhance connectivity via the China-Europe Railway Express.
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In addition, in the areas of strengthening agricultural cooperation and expanding market penetration, both sides discussed bilateral collaboration, particularly in the fields of technology research and animal health.
For the Financial cooperation, both sides agreed to issue green Panda bonds and promote green finance.
Moreover, initiatives will be taken to improve interactions in the areas of culture, tourism, and education.
Lastly, During the bilateral dialogue, Hungarian and Chinese joint efforts in scientific innovation, health cooperation, and global governance, especially in reaction to the COVID-19 pandemic, were discussed and portrayed their commitment to international peace and development.
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