Hungary–Indonesia relations refer to

bilateral relations Bilateralism is the conduct of political, economic, or cultural relations between two sovereign states. It is in contrast to unilateralism or multilateralism, which is activity by a single state or jointly by multiple states, respectively. When ...

between

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...

and

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

. The two countries established diplomatic relations in 1955. A Hungarian embassy was opened in

Jakarta Jakarta (; , bew, Jakarte), officially the Special Capital Region of Jakarta ( id, Daerah Khusus Ibukota Jakarta) is the capital and largest city of Indonesia. Lying on the northwest coast of Java, the world's most populous island, Jakarta ...

in 1957. In line to Hungarian "Eastern Opening" policy, and due to Indonesian political weight and market potentials, Hungary considered Indonesia as one of the most influential states in the

ASEAN ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, militar ...

. While Indonesia sees Hungary as a potential market and a strategic entrance to penetrate the markets of

Central Europe Central Europe is an area of Europe between Western Europe and Eastern Europe, based on a common historical, social and cultural identity. The Thirty Years' War (1618–1648) between Catholicism and Protestantism significantly shaped the area' ...

and

Eastern Europe Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russ ...

. Hungary has an embassy in

and honorary consuls in

Bandung Bandung ( su, ᮘᮔ᮪ᮓᮥᮀ, Bandung, ; ) is the capital city of the Indonesian province of West Java. It has a population of 2,452,943 within its city limits according to the official estimates as at mid 2021, making it the fourth most ...

and Denpasar, while Indonesia has an embassy in

Budapest Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population ...

High level visits

The first president of Indonesia,

Sukarno Sukarno). (; born Koesno Sosrodihardjo, ; 6 June 1901 – 21 June 1970) was an Indonesian statesman, orator, revolutionary, and nationalist who was the first president of Indonesia, serving from 1945 to 1967. Sukarno was the leader of ...

, visited Hungary for the first time in 1960.Archived a
Ghostarchive
and th
Wayback Machine
In September 2002, Indonesian President

Megawati Sukarnoputri Diah Permata Megawati Setiawati Sukarnoputri (; born 23 January 1947) is an Indonesian politician who served as the fifth president of Indonesia from 2001 to 2004. She previously served as the eighth Vice President of Indonesia, vice president f ...

visited Hungary, while Hungarian Prime Minister

Ferenc Gyurcsány Ferenc Gyurcsány (; born 4 June 1961) is a Hungarian entrepreneur and politician who served as Prime Minister of Hungary from 2004 to 2009. Prior to that, he held the position of Minister of Youth Affairs and Sports between 2003 and 2004. He ...

paid a state visit to Indonesia in July 2005. In 6–7 March 2013, Indonesian President

Susilo Bambang Yudhoyono Susilo Bambang Yudhoyono (born 9 September 1949), commonly referred to by his initials SBY, is an Indonesian politician and retired army general who served as the sixth president of Indonesia from 2004 to 2014. A member of the Democratic Party ...

paid a state visit to Hungary. In 2016, Hungarian Prime Minister

Viktor Orban The name Victor or Viktor may refer to: * Victor (name), including a list of people with the given name, mononym, or surname Arts and entertainment Film * ''Victor'' (1951 film), a French drama film * ''Victor'' (1993 film), a French shor ...

visited Jakarta leading a delegation of 5 ministers. He met with Indonesian President

Joko Widodo Joko Widodo (; born 21 June 1961), popularly known as Jokowi, is an Indonesian politician and businessman who is the 7th and current president of Indonesia. Elected in July 2014, he was the first Indonesian president not to come from an elite ...

Trade and investment

The Hungarian–Indonesian Joint Commission on Bilateral Economic Cooperation (JCEC) was established in 1988. Since then, the bilateral trade volume has fluctuated over the years. Bilateral trade grew from US$37 million in 1993 to US$216 million in 2003. However it declined in 2004 by US$126.3 million, US$124.8 million in 2005, US$101.9 million in 2006, and US$114.9 million in 2007. In 2010, the volume of bilateral trade reached US$220.83 million, and rose to US$438.34 million in 2011. However, the economic slowdown that hit Europe caused trade to slump to US$183.5 million for the period of January - October 2012. In 2014, Hungary was Indonesia's fourth biggest trading partners in

Central and Eastern Europe Central and Eastern Europe is a term encompassing the countries in the Baltics, Central Europe, Eastern Europe and Southeast Europe (mostly the Balkans), usually meaning former communist states from the Eastern Bloc and Warsaw Pact in Europe. ...

. In 2015, total trade between both nations reached USD 103.4 billion. Indonesian exports to Hungary include rubber and its products, textiles, footwear, palm oil, spices, leather, rattan, plastics and handicrafts, while Hungarian export to Indonesia are pharmaceuticals, chemicals, electric, electronic and optical products, power engineering equipment and machinery. Hungary's investment in Indonesia was valued at US$400,000 in the period between 1999 and 2009, and in 2014 increased to US$590,000, in five projects.

Cooperation

Other than trade and investment, bilateral cooperation has expanded to various sectors, including cultural exchanges and education, information, technology and engineering, as well as water management, environment and healthcare.

References

External links

Embassy Hungary in Jakarta, Indonesia

Embassy of the Republic of Indonesia in Budapest, Hungary
{{DEFAULTSORT:Hungary-Indonesia relations

Bilateral relations of Indonesia

High level visits

Trade and investment

Cooperation

See also

References

External links