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Hungary, Kazakhstan Sign Strategic Partnership Agreement
Xinhua News Agency / Hungarian News Agency
Hungarian Prime Minister Viktor Orban and Prime Minister of Kazakhstan Karim Massimov on Tuesday signed a strategic partnership agreement that seeks to pinpoint mutually advantageous cooperation between two countries.
In trade talks between the two countries, also on Tuesday, the Hungarian National Investment and Trade Agency chief Janos Berenyi and a group of business executives met with Massimov at a business roundtable focused on boosting economic and business cooperation.
Areas they spotlighted for cooperation include agriculture, the vehicle industry, pharmaceuticals, and water management.
Kazakhstan is Hungary's third-biggest trading partner among the members of the Commonwealth of Independent States (CIS). In 2013 Hungarian exports to Kazakhstan rose by 34 percent compared to 2012, with most of the increase in the pharmaceutical industry. Overall trade was up by 6.5 percent.