Sri Lanka, Hungary renew commitment to boost bilateral ties

Friday, 14 January 2022 00:10 -     - {{hitsCtrl.values.hits}}

Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó in Colombo yesterday with Foreign Minister Prof. G.L. Peiris during bilateral talks


  • Hungarian Minister of Foreign Affairs and Trade Szijjártó in working visit along with top business delegation from Budapest
  • Lays foundation stone for flyover at Kohuwala
  • Hungary has provided a € 52 m soft loan as infrastructure development assistance to SL 
  • Second session of Sri Lanka-Hungary Joint Commission on Economic Cooperation (JCEC) slated for this year
  • Both countries look to early conclusion of Double Taxation Agreement 
  • Moot cooperation in science and technology, Ayurveda and renewable energy
  • Hungary annually offers 20 scholarships to qualified SL students to undertake undergraduate and postgraduate studies

Sri Lanka and Hungary yesterday renewed commitment to enhance bilateral ties given the vast potential in spheres of economy, trade, investment and tourism.  

The existing relationship got a boost this week with the working visit of Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó to Sri Lanka. 

Foreign Minister Prof. G.L. Peiris yesterday expressed Sri Lanka’s keen interest to transform Sri Lanka-Hungary bilateral ties into a results-oriented, multi-faceted partnership at a bilateral meeting with Minister Szijjártó.

The two Ministers had productive discussions on a multitude of areas of bilateral interest. Minister Peiris noted with appreciation Hungary’s empathetic approach towards Sri Lanka in addressing residual issues of reconciliation and apprised the Hungarian Minister on the progress in reconciliation and the credible domestic framework in process to promote and protect human rights, in keeping with the country’s international obligations. 

Minister Peiris also noted that Hungary is a member of the European Union (EU), with which Sri Lanka maintains an important and abiding partnership.

The two Ministers highlighted the importance of broadening and deepening economic relations, including the promotion of trade, investment and tourism ties in the current global context. Towards this end, the two Ministers agreed to convene the second session of the Sri Lanka-Hungary Joint Commission on Economic Cooperation (JCEC) at an early date this year. 

Minister Peiris referred to the need to optimise utilisation of the EU GSP+ facility in accessing the Hungarian market, as Sri Lanka›s key exports benefit from duty free access to the EU market. Interest was also expressed in the early conclusion of the Double Taxation Agreement between the two countries, as well as cooperation, inter alia, in science and technology, Ayurveda and renewable energy.

During the visit, Minister Szijjártó, who was accompanied by a substantive business delegation from Hungary, launched the Sri Lanka-Hungary Business Forum in partnership with the Minister of Trade Bandula Gunawardena, under the aegis of the National Chamber of Commerce of Sri Lanka.

Noting that development cooperation comprises of an important element of the bilateral partnership, Minister Peiris conveyed Sri Lanka’s appreciation to Hungary for providing infrastructure development assistance to Sri Lanka through a soft loan of € 52 million. 

The current projects include the construction of flyovers at Kohuwala and Gatambe. At the invitation of Highways Minister Johnston Fernando, Minister Szijjártó visited the construction site of the Kohuwala flyover where the two Ministers laid the foundation stone for the project.

In the sphere of bilateral cooperation, the two Ministers agreed on the need to convene regular political consultations between the two Foreign Ministries to discuss issues of mutual interest.

In addressing the shared challenges posed by COVID-19, Minister Peiris acknowledged the support rendered by countries in Europe through the EU and bilaterally, such as Hungary, to enable vaccine equity globally.

State Minister of Regional Cooperation Tharaka Balasuriya, Foreign Secretary Admiral Prof. Jayanath Colombage and senior Foreign Ministry officials were associated with the bilateral meeting at the Foreign Ministry. Minister Szijjártó was accompanied to the meeting by Secretary of State for Trade Policy and Consumer Protection of the Hungarian Ministry of Innovation and Technology Péter Cseresnyés MP, and other senior officials of the Hungarian Ministry of Foreign Affairs and Trade.

Another fruitful outcome of Minister Szijjártó’s visit was the signing of the Memorandum of Understanding (MoU) between Sri Lanka and Hungary on Cooperation within the Framework of the Stipendium Hungaricum Program for the Years 2022-2024. Under the program, Hungary offers 20 scholarships annually to qualified Sri Lankan students to undertake undergraduate and postgraduate studies in a wide array of academic fields, including engineering, sciences, economics and water management. Sri Lanka is the 86th country to benefit from the scholarship program. Minister of Education Dinesh Gunawardena signed the MoU on behalf of the Government of Sri Lanka.