As Hungary prepares to be the guest country of honor at the upcoming 2nd China International Supply Chain Expo in Beijing from November 26 to 30, the steady expansion of Chinese-Hungarian trade cooperation takes center stage. This event marks a significant milestone in the growing economic relationship between the two countries.
China is Hungary’s largest trading partner outside Europe, with bilateral trade volume reaching an impressive $114.6 billion between 2014 and 2023. This surge in trade underscores the mutual commitment to economic collaboration and the exploration of new business opportunities.
Hungary ranks among China’s most significant trading partners in Central and Eastern Europe. The partnership has not only enhanced economic ties but also fostered cultural exchanges, contributing to a deeper understanding between the nations.
The upcoming expo is expected to further bolster these ties by providing a platform for businesses and investors from both countries to connect, share insights, and forge new partnerships. The focus on supply chain innovation and collaboration is particularly timely, given the global emphasis on resilient and efficient trade networks.
This steady expansion of trade cooperation highlights the dynamic role both China and Hungary play in the global economic landscape. As they continue to strengthen their partnership, the benefits are poised to extend beyond bilateral gains, contributing to broader regional development and economic growth.
Reference(s):
cgtn.com
