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Better utilization of GSP+ discussed between Sri Lanka & Hungary

COLOMBO (News 1st); Foreign Minister Peiris emphasized the need to optimize utilization of the EU GSP+ facility in accessing the Hungarian market, as Sri Lanka’s key exports benefit from duty free access to the EU market. Moreover, interest was also expressed in the early conclusion of the Double Taxation Agreement between the two countries, as well as cooperation, inter alia, in science and technology, Ayruveda and renewable energy.The two Ministers met on 12th January during the Hungarian Minister Péter Szijjártó’s visit to Sri Lanka. Minister Peiris noted with appreciation Hungary’s empathetic approach towards Sri Lanka in addressing residual issues of reconciliation, and apprised the Hungarian Minister on progress in reconciliation and the credible domestic framework in process to promote and protect human rights, in keeping with the country’s international obligations.

Minister Peiris also noted that Hungary is a member of the European Union (EU), with which Sri Lanka maintains an important and abiding partnership.The two Ministers highlighted the importance of broadening and deepening economic relations, including the promotion of trade, investment and tourism ties in the current global context. Towards this end, the two Ministers agreed to convene the second session of the Sri Lanka-Hungary Joint Commission on Economic Cooperation (JCEC) at an early date this year. During the visit, Minister Szijjártó, who was accompanied by a substantive business delegation from Hungary, launched the Sri Lanka-Hungary Business Forum in partnership with the Minister of Trade Bandula Gunawardena, under the aegis of the National Chamber of Commerce of Sri Lanka.Noting that development cooperation comprises an important element of

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Hungary: Main News

COLOMBO (News 1st); Foreign Minister Peiris emphasized the need to optimize utilization of the EU GSP+ facility in accessing the Hungarian market, as Sri Lanka’s key exports benefit from duty free access to the EU market. Moreover, interest was also expressed in the early conclusion of the Double Taxation Agreement between the two countries, as well as cooperation, inter alia, in science and technology, Ayruveda and renewable energy.The two Ministers met on 12th January during the Hungarian Minister Péter Szijjártó’s visit to Sri Lanka. Minister Peiris noted with appreciation Hungary’s empathetic approach towards Sri Lanka in addressing residual issues of reconciliation, and apprised the Hungarian Minister on progress in reconciliation and the credible domestic framework in process to promote and protect human rights, in keeping with the country’s international obligations.
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