BAKU, Azerbaijan, February 23. Hungary and Iran
have signed an agreement on cooperation in the agricultural sector,
announced the Minister of Foreign Affairs of Hungary Péter
Szijjártó, Trend
reports.

According to him, agreement opening new trade opportunities in
agriculture and the food industry, enhancing technological
advancements and market access in Iran.

Szijjártó emphasized the importance of expanding bilateral trade
volume, which has exceeded $50 million.

As he noted, the activation of an investment protection
agreement between countries provides legal security for companies
with further support through expanded customs and tax
cooperation.

The minister also mentioned the importance of acknowledging
pharmaceutical and medical technology advancements in Iran, as well
as emphasizing collaboration on water management. This highlights
Hungary’s role in enhancing access to clean drinking water in Iran,
with ongoing talks aimed at introducing additional Hungarian water
industry technologies.