Minister of Foreign Affairs and Trade Péter Szijjártó concluded negotiations and signed a cluster of Hungarian-American economic cooperation agreements in the United States on Wednesday, July 20th. Szijjártó is in the United States until Friday attending the Counter ISIL Coalition Ministerial aimed at halting the expansion of the terrorist organization across Syria and Iraq.

In the midst of a two-day visit to Washington D.C. for the Ministerial Meeting of the Global Coalition to Fight ISIL Foreign Minister Péter Szijjártó, held talks with the directors of several major American think tanks and research institutes on Wednesday, July 20th. In addition, he held business meetings whose conclusion resulted in the signing of three important economic agreements that will create additional investment and job growth in Hungary.

Szijjártó told Hungarian news agency MTI that the research institute officials he met to discuss the situation in Europe included Executive Director of the McCain Institute Kurt Volker, Deputy Director of the Center for Strategic and International Studies (CSIS) Jeff Rathke, Freedom House Vice President Robert Herman, APCO Worldwide’s Global Programs Director Joshua Walker and Professor Michael Czinkota, from Georgetown University.

After meeting with nineteen directors of thirteen American corporations, Szijjártó affirmed strong Hungarian-American economic cooperation and highlighted the current 1600 American enterprises operating in Hungary employing approximately 100,000 persons. In 2015, the United States became Hungary's second largest investor worldwide and its largest foreign investor outside the European Union

Szijjártó told MTI that an American automotive industry supplier finalized a 15 billion forint (47.5 million Euro) investment project in Hungary expected to create an additional 200 new jobs in western Hungary. "We will make the official announcement together in Hungary,” said Szijjártó.

In his statement to MTI, Mr. Szijjártó stressed that these agreements are further proof of the fact that Hungarian-American economic relations are a success story and that American capital had continued confidence in Hungary.

On Thursday, the Hungarian Foreign Minister attended a meeting chaired by U.S. Secretary of State John Kerry, at which representatives of the International Coalition Against ISIL discussed the major political and military challenges related to the elimination of the terrorist organization.

Also speaking in reference to Brexit and the recent terrorist attacks in Europe, Szijjártó stressed that the European Union is facing historic challenges. “Europe is facing the greatest threat in its history and if the European Union is not prepared to give up the hypocritical politics it has practiced until now and is not willing to call a spade a spade and solve the problems that lead to this state of affairs, then we will have to face even more serious problems in Europe,” Szijjártó stressed.

"The upcoming exit of the British form the European Union and the major terrorist threat are indications that European politics must indeed change", he stressed, continuing that “European politics must develop in line with the interests of the people of Europe, to assure their safety.

(Ministry of Foreign Affairs and Trade)