Hungary and China have recently signed a new agreement on air transport, which is expected to increase the number of flights between the two countries. The move is aimed at increasing trade and tourism between the two nations.
Increased Flights Benefits for Hungary and China
The new agreement between Hungary and China will boost the number of flights to double the current number to 42 a week, which is bound to increase passenger and cargo traffic. Hungary has already been serving as an entry point for Chinese goods into European markets, and this new agreement will help speed up the transportation of goods. The agreement is also said to benefit China, with the number of cargo flights expected to rise considerably after the implementation of this deal.
Additional Destinations for Flights
According to Hungarian Foreign Affairs Minister Péter Szijjártó, Chinese authorities will allow airlines to establish direct flights between Budapest and two new cities along with the four already in the network. The announcement of the new destinations will occur at the China-Central and Eastern European Countries Expo.
Budapest-Belgrade Railway Line Development
In addition to increasing air transport, discussions between Hungary and China also included the development of the Budapest-Belgrade railway line, aimed at connecting China to western and northern European markets. The plans will also help transport Chinese goods from Greek ports to the aforementioned regions within the set deadline of 2025.
The new agreement on air transport between Hungary and China is one of the concrete steps that can boost trade, investment, and tourism between the nations. The expected rise in cargo and passenger flights will benefit both Hungary and China and strengthen relations between the two countries.
Questions & Answers
What is the new agreement between Hungary and China about? Hungary and China have concluded a new agreement on air transport, which could double the number of flights between the two countries to 42 a week.
Who announced the new agreement between Hungary and China? Péter Szijjártó, the minister of foreign affairs and trade, announced the new agreement during his visit to the China-Central and Eastern European Countries (CEEC) Expo.
What benefits does the new agreement bring? The new agreement will boost both passenger and cargo traffic between Hungary and China. As economic and trade cooperation between the two countries reach record highs, it will speed up the transport of goods.
What does Hungary's position in the agreement mean for China's trade with Europe? Hungary is already the entry point for Chinese goods into Europe, and the new agreement will see the number of cargo flights between Hungary and China grow substantially. Moreover, Chinese authorities will allow airlines to establish flights, including direct ones, between Budapest and two cities, which will help transport Chinese goods to western and northern Europe through Hungary.
What other trade and transport topics have been discussed between Hungary and China? The talks between Hungary and China during the expo also touched on the development of the Budapest-Belgrade railway line and the importance of sticking to the 2025 deadline. The investment will also contribute to Chinese goods being transported from Greek ports to western and northern Europe through Hungary.