Foreign minister Peter Szijjarto – Photo: Facebook

Szijjarto at OECD: Hungary ‘excellent example’ of common sense approach to trade

Global business leaders are still acting rationally and taking a common-sense approach to the economy and trade, and this is clearly the case in Hungary where companies from the West and East operate plants, Peter Szijjarto, the minister of foreign affairs and trade, said before a meeting of OECD ministers in Paris on Thursday.

Szijjarto cited the example in Hungary of all three big German car makers operating alongside the three biggest electric battery manufacturers from the East, saying and they enjoyed close cooperation.

Noting the serious security challenges and their negative impact on the world economy, Szijjarto said policymaking was going in the direction of forming blocks in the world, which Hungary had always found detrimental, the ministry said in a statement ahead of the Ministerial Council meeting of the Organization for Economic Co-operation and Development.

He argued that the coming period should rather be about “connections in the world”, and terms like ‘decoupling’ or ‘de-risking’ should be erased from the international political lexicon.

“We want political leaders to stop putting obstacles in the way of civilised East-West cooperation…” he added.

Ideology, he said, should not overrule common-sense, as this would certainly undermine global security.

Meanwhile, Szijjjarto also noted the expansion of the Paks nuclear power plant, an investment where the Russian general contractor is working with German, American and French subcontractors.

Szijjarto praised OECD leaders whose election was supported by Hungary, saying thy had retained their common sense and refused to allow the organisation to become dominated politics.

“So Hungary supports the strengthening of the OECD; the bigger the OECD, the stronger it will be. We also support the OECD’s expansion strategy, and we are pleased to see countries such as Indonesia and Thailand expressing their intent to join the organisation,” he said.

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