Hungary–Malaysia relations: Difference between revisions
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Revision as of 04:21, 24 October 2014
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 Hungary |
 Malaysia |
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Hungary–Malaysia relations are foreign relations between Hungary and Malaysia. Hungary has an embassy in Kuala Lumpur,[1] and Malaysia has an embassy in Budapest.[2]
History
Diplomatic relations between the two countries has been establish since 1969,[3] with the Malaysian embassy establish in 1993.[4] Despite the Hungarian embassy been closed in 2009 due to economic crisis,[5] the relations still remain via the Hungarian embassy in Indonesia.[4] In 2011, the Hungarian embassy has been reopen.[1]
Economic relations
Both countries in the process to enhance in the bilateral and economic relations. In 2012, Hungary stand at the 31st import source for Malaysia.[4] In 1993, both Hungary and Malaysia has signed a document for the promotion and protection of investments in Kuala Lumpur,[6] the agreement to avoid double taxation and prevention of fiscal evasion with respect to taxes on income also effective on the same year.[7] Before the economic crisis, the total of bilateral trade has reached U$730 million when it dropped substantially to U$400–450 million.[3] Continuous efforts have been undertaken to reach back and in 2011, it has increase to U$570 million.[3] The Hungarian subsidiary of Sony Corp. also moved their manufacturing plants to Malaysia.[8]
External links
References
- ^ a b "Hungary to reopen its KL embassy". New Straits Times. 9 November 2011. Retrieved 13 January 2014.
- ^ "Official Website of Embassy of Malaysia, Budapest". Ministry of Foreign Affairs, Malaysia. Retrieved 13 January 2014.
- ^ a b c Sándor Laczkó (8 June 2012). "Hungary and the countries of ASEAN". Diplomacy & Trade. Retrieved 13 January 2014.
- ^ a b c rkinga (4 September 2013). "Malaysia waiting to be discovered". The Budapest Times. Retrieved 13 January 2014.
{{cite web}}:|author=has generic name (help); External link in|author= - ^ "Hungary to close embassy in Malaysia". The Star. 17 June 2009. Retrieved 13 January 2014.
- ^ "1993 AGREEMENT BETWEEN THE REPUBLIC OF HUNGARY AND MALAYSIA FOR THE PROMOTION AND PROTECTION OF INVESTMENTS" (PDF). National University of Singapore. 19 February 1993. Retrieved 13 January 2014.
- ^ "AGREEMENT BETWEEN THE GOVERNMENT OF MALAYSIA AND THE GOVERNMENT OF THE HUNGARIAN PEOPLE'S REPUBLIC FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME" (PDF). Inland Revenue Board of Malaysia. 22 May 1989. Retrieved 13 January 2014.
- ^ "Sony moving work from plant in Hungary to Malaysia". The Associated Press. ECN. 6 February 2010. Retrieved 13 January 2014.
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