Hungary Showcases Economic Potential at China-CEEC Expo
Hungary Showcases Economic Potential at China-CEEC Expo

Hungary Showcases Economic Potential at China-CEEC Expo

Hungary is showcasing its economic potential to Chinese businesses at the third China-Central and Eastern European Countries (CEEC) Expo & International Consumer Goods Fair in the eastern Chinese city of Ningbo.

As the guest country of honor, Hungary has 35 companies displaying a variety of products at the expo, including food, wine, technology, and tourism.

“Hungarian manufacturers are displaying tremendous enthusiasm and actively participating in the upcoming China-CEEC Expo,” said Zsanett Ihasz, the manager for China of the Hungarian Export Promotion Agency (HEPA).

The Hungarian pavilion at the expo features a variety of captivating offerings, including a Hungarian-developed Teqball table, a Magic Wall with stunning digital effects, and an array of excellent Hungarian wines ready for tasting.

Noting the importance of the Chinese market, Ihasz said Hungarian companies are looking to expand their exports to China.

“The China-CEEC Expo is a remarkable opportunity to showcase Hungary’s economic potential and bolster trade relations with China,” she said.

Helen Huang, the owner of Wink Wine, one of the largest importers of Hungarian original bottle wine in China, attended the China-CEEC Expo for the third consecutive time.

She said her company has brought to the expo the Babits wine from the Tokaj wine area, the “bull’s blood” dry red from the famous small town of Eger and a commemorative wine giving homage to the famous Hungarian poet Petofi, who was born 200 years ago.

“It is our star product in this exhibition,” Huang said, adding that her company will establish a new entity in Ningbo this year, aiming to leverage the platform of the China-CEEC Expo for further development of the company.

Hungary has sent a delegation led by Minister of Foreign Affairs and Trade Peter Szijjarto to attend the opening ceremony of the expo.

In his speech, Szijjarto said that economic and commercial cooperation between Hungary and China is breaking records. “Hungary is already the entry point for Chinese freight transport in Central Europe,” he said.

Noting that China is one of the five largest investors in Hungary in recent years, Szijjarto asserted that Hungary would never discriminate against Chinese companies, even under external pressure.

“Hungary continues to encourage the Chinese companies to invest. We provide the maximum possible support for Chinese companies, which can benefit from the application of Europe’s lowest flat-rate taxes in the area of personal and corporate income tax,” he said.

Szijjarto said Hungary is dedicated to fostering enduring partnerships that contribute to the growth and prosperity of both Central Europe countries and China.

The China-CEEC Expo is a major event for businesses from Hungary and China to connect and explore business opportunities. The expo is expected to attract over 100,000 visitors from around the world.


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