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The EU needs to conclude free trade agreements with Breach in New Zealand and Australia Brexit 

The EU needs to conclude free trade agreements with Breach in New Zealand and Australia

 The European Union must start free trade negotiations with New Zealand and Australia early this autumn, and should preferably agree before they leave the EU, “said MTI on Thursday in Péter Szijjártó, after discussing With the relevant architects of the two overseas countries.

    Minister of Foreign Affairs and Foreign Affairs met with Steven Ciobo, Australia’s Minister of Commerce, Tourism and Investment, Todd McClay, New Zealand Trade Minister and Francois-Philippe Champagne, Canadian International Investment Minister, following the OECD Ministerial Meeting.
    After the meeting, Péter Szijjártó told MTI: “it would be a nightmare for Hungary if the European Union were unable to conclude these agreements in the next two years, while Britons with greater freedom who left the community would agree with the world economic players with whom the European The Union has no contract.
    “This would be the worst scenario for the European Union’s economy,” said the Head of Cabinet. He reaffirmed that Australians and New Zealanders are also prepared to start negotiations immediately, so Hungary encourages the European Commission to ask for a mandate from the European Council as soon as possible to begin negotiations.
    Since the opening of the Australian and New Zealand Delegations, bilateral trade has begun to grow, so Hungary is not only interested in European, but also economically, in terms of the conclusion of free trade agreements – the minister noted.
    With his Australian colleague, Péter Szijjártó also discussed the storage of some of Australia’s strategic oil reserves in Hungary. “Hungary is good about storage capacity, so we are very close to the agreement,” he stressed.
    With the New Zealand leader, Péter Szijjártó agreed on the conclusion of social security and double taxation conventions.
    From the bilateral meeting in Canada, the Hungarian Foreign Minister said that the interest of Canadian investors has been growing ever since Hungary, since the lowest in the European Union is corporate and personal income tax. There is a strong demand for Hungarian meat and food products in Canada, as the only GMO exemption in Europe is guaranteed by the Hungarian Basic Law. With his stubborn Canadian counterpart, he agreed that Canada would initiate the procedures for granting export permits under which the Hungarian food export could start within a short time in the North American country.
    Sjjartató also said that the meeting of the Visegrád four and Canada, and V4 countries and Australia’s trade ministers will be under way in Budapest in the second half of the year.
    MTI reports that Foreign Minister and Foreign Minister will meet in the afternoon with Olivier Bourges, Secretary-General of the PSA Peugeot Citroen Group.

Source: MTI

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