Published: 2023-09-17
Hungary and Turkmenistan have agreed to establish embassies in each other's countries, strengthening diplomatic ties between the two nations. This development comes as part of a larger commitment to have diplomatic representation in all member states of the Organization of Turkic States.
Establishment of Embassies
Turkmenistan will soon open an embassy in Hungary, while the Hungarian government has made a similar decision to open an embassy in Turkmenistan. This move fulfills the 2018 commitment to have diplomatic representation in all member states of the Organization of Turkic States.
Importance of Diplomatic Ties
Hungarian Minister of Foreign Affairs and Trade, Péter Szijjártó, emphasized the importance of strengthening cooperation between East and West. He believes that the Organization of Turkic States can serve as a crucial platform for "bridge-building" and promoting comprehensive cooperation among Turkic-speaking states.
Potential for Cooperation
During the meeting, it was highlighted that there are untapped opportunities for collaboration in various sectors such as health, pharmaceuticals, agriculture, food, water, education, and culture. Both countries have the potential to benefit from cooperation in these fields.
Trade Relations
Trade between Hungary and Turkmenistan is currently focused on pharmaceuticals, electronic equipment, and fertilizers. However, there is potential for further diversification, especially in the energy sector. Turkmenistan, with its substantial natural gas reserves, could provide a solution to Hungary's efforts to diversify its domestic energy supplies.
Questions & Answers
What was announced by Minister of Foreign Affairs and Trade Péter Szijjártó in Istanbul? Minister of Foreign Affairs and Trade Péter Szijjártó announced that Turkmenistan will soon open an embassy in Hungary, and the Hungarian government has made a similar decision to open an embassy in Turkmenistan.
Which countries are part of the Organization of Turkic States? The Organization of Turkic States comprises Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan.
What is the aim of the Organization of Turkic States? The aim of the Organization of Turkic States is to promote comprehensive cooperation among Turkic-speaking states.
Which countries are observer states to the Organization of Turkic States? Hungary, Northern Cyprus, and Turkmenistan are observer states to the Organization of Turkic States.
What opportunities for cooperation were mentioned during the meeting between President of Turkmenistan Serdar Berdimuhamedow and the Hungarian Prime Minister? During the meeting, it was mentioned that there are still untapped opportunities for cooperation in the fields of health, pharmaceuticals, agriculture, food, water, education, and culture.
What are the main exports from Hungary to Turkmenistan? Hungary exports mainly pharmaceuticals and electronic equipment to Turkmenistan.
What is the main import from Turkmenistan to Hungary? Fertilizers account for 99% of imports from Turkmenistan to Hungary.
What is Turkmenistan known for in terms of energy? Turkmenistan is a key energy hub, with the world's fourth-largest natural gas reserves.
How can Turkmenistan potentially help Hungary in terms of domestic energy supplies? Turkmenistan's natural gas reserves provide a potential solution to diversify Hungary's domestic energy supplies.
