Monday, February 24, 2014

Hungary looks eastwards


Excerpt from The Express Tribune (www.tribune.com.pk)

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Takacs said the Hungarian government announced a new foreign policy doctrine in 2010called “eastern opening”, through which the country hopes to “relaunch and rejuvenate” ties with countries around the world, especially in Asia and the middle east.

It is a divergence from Hungary’s initial focus to establish itself in Europe after the collapse of the Soviet Union. Now, as a long-standing member of North Atlantic Treaty Organisation (NATO) and the European Union (EU), the central European country is looking to increase its sociopolitical and economic activities through eastward partnerships.

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Editor's note: It is no surprise that Hungary is looking eastwards for new markets and trading partners. After a disastrous decade-long relationship with the European Union, Hungary is finding itself to be both a political and economic colony of the EU. The EU dumps its good in Hungary but doesn't allow Hungary to sell its goods in the western EU countries. 

The policies of the EU have also de-industrialized Hungary in under a decade and destroyed her agricultural sector. By looking eastwards, Hungary can make new economic trading partners and have access to countries with huge markets. The conservative government started this policy in 2010 when they came to power.