Hungary sign 3 MoUs on Economic Cooperation

The Iranian Minister of Economic Affairs and Finance, Ali Tayyebnia, and the Prime Minister of Hungary, Viktor Orbán, signed 3 MoUs on economic cooperation, including agreement on the avoidance of double taxation and prevention of tax evasion, agreement on economic cooperation, and agreement on starting negotiations to finalize the agreement on encouragement and mutual protection of investments.

Iran and Hungry also signed other documents and MoUs, such as Memorandum of Understanding on cooperation and political consultations between the Ministry of Foreign Affairs of the Islamic Republic of Iran and the Ministry of Foreign Affairs and Trade of Hungary; Memorandum of Understanding in the field of cultural heritage and tourism, cultural, scientific and educational exchange programs; Memorandum of Understanding on cooperation in medical care, and agreement on cooperation in the field of communications technology.

At a joint press conference with Hungarian Prime Minister, the Iranian Vice President said: Iran and Hungary have long-standing relationship and it is more than 90 years that the two countries have diplomatic relations.

Jahangiry pointed to the great potential of cooperation between Iran and Hungary and emphasized the need to activate the capacities, added: With the activation of these capacities, the volume of trade and economic exchanges between the two countries will increase.

The Hungarian Prime Minister Viktor Orban, for his part, said that the negotiations between the high-level delegations of the two countries were very useful and constructive, added: Today we had one of the most useful negotiations.

Hungary firmly demands the relationship and friendship between the two nations, so on the basis of the intimate relationship we can take the next steps to develop relations, he noted.

(Source: Minister of Economic Affairs and Finance)

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