BUDAPEST: The immediate implementation of trade agreements and the increase of exchangeable visits between Kuwait and Hungary is vital to enrich investment opportunities, Kuwait's Chamber of Commerce and Industry senior official said Monday.
Deputy Director-General of Kuwait's Chamber of Commerce and Industry Hamad Al-Omar said in a statement to Kuwait News Agency (KUNA) that Kuwait and Hungary had signed pacts on trade and investments since 1980.
The latest participation of Kuwait in a trade meeting in Hungary last week was a pursuit to discover new trade and investment grounds in both countries.
Kuwait also will host another trade meeting with the European country on Tuesday, May 14, to continue discussing boosting trade in all realms.
Al-Omar noted that the meeting in Hungary provided an opportunity to familiarize with both the Kuwaiti and Hungarian investors of the possibilities they might find in both countries.
Both sides discussed the capabilities of Hungarian companies to setup investments within Kuwait's five-year development plan and how they could partnership with the biggest Kuwaiti companies.
The Kuwaiti delegation to Hungary stressed that the Kuwaiti market is "fair" and "open" to all international commodities and products.
Hungary, on its part, promised to facilitate procedures to Kuwaiti investors in the European country provided that they abide by the country's tax rules and other regulations. (QNA)
