New business opportunities open up for Hungarian enterprises on the market of the south-east asian region - May 26-27, 2015
On Tuesday, May 26, 2015 by reopening the Malaysian Embassy of Hungary in Kuala Lumpur Mr. Péter Szijjártó, Minister of Foreign Affairs and Trade also opened the regional trading centre of the Hungarian National Trading House. The following day the summit of innovative Hungarian enterprises and investors took place in Singapore organized by the Hungarian Trading House of Singapore.
Malaysia, providing the President-in-Office of the Association of Southeast Asian Nations (ASEAN) is one of the most developed countries in the region. Last year our bilateral trading with Malaysia was USD 370 million, and this year in the first quarter the percentage has grown by 25%. Today Malaysia is the 20th most competitive country in the world owing to its 10 year investment plan, its natural resources and the developments implemented in the field of information technology. The Malaysian economic boom provides excellent opprtunities for Hungarian enterprises.
Commencing at the end of this year the ASEAN countries will remove a large part of the barriers restricting the movement of goods, thus an 800 million ”inner market” will take force in Southeast Asia, in which Malaysia will have a leading role in view of its strategic location, its development and its capitalization. From the viewpoint of Hungarian enterprises it means that besides looking for consumers and distributors, it will be worth looking for common corporative partners, thus they can be present on the market of the whole region.
At the opening ceremony Mr. Péter Szijjártó Minister of Foreign Affairs and Trade said about his negotiations with Malaysian Foreign Minister Anifah Aman: ”In the first place we outlined four areas, where Hungarian export into Malaysia and into the ASEAN countries can be enhanced in the framework of an agreement on free trade: premium category foodstuff, innovative environmental technologies, the export of health products and the development of informatics and software.”
On May 27, 2015 in Singapore there was a highly successful event held by the Singapore Hungarian Trading House called European Innovations from Hungary (EIH) in the cultural centre of the city state, Fusionopolis, which was opened by Mr. Péter Szijjártó, Minister of Foreign Affairs and Trade.
On this occasion Gábor Kun, Deputy CEO of the Hungarian National Trading House emphasized that the marketing of the transfer of technological knowhow in foreign markets comprises great opportunities for the Hungarian economy. Singapore is a perfect scene for these efforts, since the city state imagines its development in the future as the centre of knowhow in the centre of the region.
At the event besides the knowledge based projects of the Hungarian National Trading House (MNKH), the National Investment Agency (HIPA), the National Innovation Office of Research and Development (NKFIH) various startups and companies having bigger experience had a chance to introduce their new, innovative developments.
At the event Márk Molnár, Manager of the Hungarian Trading House in Singapore signed an agreement on the cooperation with the Singapore-based Intellectual Property Intermediary (IPI).
There was great interest in EIH, more than fifty companies participated in it from Singapore, among other bodies from the side of the state the International Enterprise Singapore and the Agency for Science, Technology and Research Singapore also took part.