Business leaders from Hungary and Bosnia and Herzegovina met at a forum in Budapest on Friday. Hungary is committed to supporting Bosnia-Herzegovina’s accession to the European Union, as it would be beneficial for the country’s peace and prosperity, in itself an important factor in the Western Balkans’ stability, Szijjártó said.
Minister of Foreign Affairs and Trade Péter Szijjártó said over 60 executives from Hungarian companies and 32 from companies in Bosnia and Herzegovina participated at the forum. He added that the government would continue to support local businesses that seek to expand in the Western Balkans.
Among the Hungarian companies at the forum, Szijjártó pointed to ones in the machinery, environmental, energy, farming and food industries that were “among the global leaders” in their sectors.
He noted that annual bilateral trade between Hungary and Bosnia and Herzegovina had leveled out at over EUR 500m in recent years. Hungary’s farm, machinery, pharmaceutical and chemicals sectors account for most exports to Bosnia and Herzegovina, while Hungary imports mainly metal industry products from Bosnia and Herzegovina, he added.
Photo: MTI
Szijjártó said the government would continue to back Hungarian companies’ presence at trade fairs in Mostar and Tesanj.
Hungary committed to Bosnia-Herzegovina’s EU integration, says FM Szijjártó
Hungary is committed to supporting Bosnia-Herzegovina’s accession to the European Union, as it would be beneficial for the country’s peace and prosperity, in itself an important factor in the Western Balkans’ stability, Szijjártó said.
Speaking after talks with Nermin Niksic, the prime minister of Bosnia-Herzegovina, Szijjártó told a joint press conference that stability in the Western Balkans was especially important at difficult times.
Hungary’s policies regarding neighbouring states are rooted in constant dialogue and mutual respect, Szijjártó said, according to a ministry statement.
“We are doubtlessly among the few who can maintain dialogue with all players of domestic politics in Bosnia and Herzegovina,” Szijjártó said.
Hungary prioritises communication with Western Balkans states rather than talking about them, which Szijjártó said was more common in the EU. “We think that relations based on mutual respect of these countries’ sovereignty and will is crucial.”
Peace and prosperity in Bosnia and Herzegovina is also key to the region’s stability, he said.
Hungary is therefore supporting the accession procedure, which has been slow, he said. Bosnia and Herzegovina applied for EU membership in 2016, but negotiations only started last March, he said.
Hungary helps Bosnia and Herzegovina
The Hungarian presidency of the European Council is working to have the negotiating framework adopted as soon as possible, “which will need a few legislative measures in Bosnia and Herzegovina,” he said. As soon as that happens, Hungary will urge the European Commission to hold an intergovernmental conference establishing the negotiating framework as soon as possible, he said.
There is a chance the process could clear that hurdle this year, during the Hungarian EU presidency, Szijjártó said.
Those steps will need unanimous support from all member states, Szijjártó said, adding: “In my experience, some member states … proclaim one thing publicly but say another behind closed doors when it comes to enlargement.”
Hungary, meanwhile, is ready to train 50 Bosnia-Herzegovina public administration officials, “because [EU] integration is a complicated matter requiring experts.”
Szijjártó expressed his sympathies with the victims of recent floods in Bosnia-Herzegovina, and noted that Hungary had sent emergency aid worth 25 million forints to the disaster-hit area, including water pumps and tents.
“But we know the problem is bigger than that, and infrastructure has been badly damaged, so I assured Mr Prime Minister that Hungary is ready to help with the reconstruction as soon as they have the plans and schedule ready,” Szijjártó said.
National economy minister meets with Bosnia and Herzegovina deputy PM
National Economy Minister Márton Nagy met with Vojin Mijatovic, Bosnia and Herzegovina’s deputy prime minister and minister for development, business and industry, in Budapest on Friday, his ministry said.
The sides discussed ways to deepen bilateral economic and financial ties, such as in the areas of tourism and energy, the ministry said. A bilateral Joint Economic Commission will meet at the end of 2024 with a focus on business development, it added.
Nagy highlighted Hungary’s commitment to the integration of countries in the Western Balkans, adding that their European Union accession could improve the competitiveness of the bloc. He noted that economic growth in the region was “far above” the average in the eurozone.
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