Dr. Liam Fox MP held talks in Budapest

Hungary and its economy have “every chance to be one of the winners of an emerging new world economy”, the foreign minister said after talks with Liam Fox, Britain’s former secretary of state for international trade, in Budapest on Monday.

Speaking at a joint press conference after the meeting, Péter Szijjártó said that a new economic system must dismantle restrictions and ensure free and fair trade which would allow Hungarian businesses to compete without restrictions.

This is why the World Trade Organization (WTO) should have a leader at its helm who filled a top position in his home country and gained sufficient experience in politics, he said, adding that Liam Fox was such a politician.

Szijjártó noted that

Fox was visiting five European capitals as a nominee for the top WTO position,

and “his trip to Budapest questions suggestions about the Hungarian diplomacy’s isolation”. He also added that

the Hungarian economy was “one of the most open economies in the world” and the country’s weight in global trade is “above the level justified by the size of its population”.