Hungarian PM: Mongolia could become key destination for tech exports

Mongolia is soon to become a key destination for Hungarian technology exports, Foreign Minister Peter Szijjártó told state news agency MTI on Friday. Szijjártó spoke following talks in Ulan Bator with Mongolian President Tsakhia Elbegdorj, Foreign Minister Lundeg Purevsuren and other ministers, as well as the mayor of Ulan Bator.
Szijjártó said the Mongolia mining industry and dynamic agriculture continue to contribute to an economic growth rate of at least 10% over the past several years.
This rapid rate of economic growth has created a need for technological development, and Szijjártó sees this as a major opportunity to increase Hungarian technology exports to Mongolia.
Hungaryʼs Eximbank established a $48.8 mln credit line to fund bilateral trade, and agreed to launch a $5 mln joint credit line with Mongoliaʼs Golomt Bank, the minister added.
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