BUDAPEST: Sabahan Francisco Munis presented his Letter of Credentials to Hungarian President János Áder as the new Malaysian ambassador to Hungary.According to the Malaysian Embassy in Budapest, the presentation took place in a ceremony on Oct. 8, at the Presidential Sándor Palace, here.
Francisco, a Kadazan, is a career diplomat and is also accredited as the designated Malaysian Ambassador to the Republic of Slovenia and the Republic of North Macedonia.
Francisco said he was honoured to be appointed as ambassador and would endeavour to deepen and expand the friendship and cooperation between Malaysia and Hungary to a new high.
“During his audience with Janos, apart from Malaysia-Hungary bilateral relations, issues relating to bio-economy and sustainability were also discussed.
The Presidential Audience was followed by a Wreath Laying Ceremony at the Heroes’ Square, Budapest.
Diplomatic relations between Malaysia and Hungary, which was established in 1969, had paved the way for the establishment of the embassy in Budapest in 1993 and the establishment of the embassy of Hungary in Kuala Lumpur in 1991.
Over the years, among the bilateral instruments signed between Malaysia and Hungary were the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income (1989) and Exchange of Information between Bernama and Hungarian News Agency (1992).
The others are the Partial Visa Abolition (1993), Air Services Agreement (1993); Promotion and Protection of Investment Agreement (1993) and Scientific and Technological Cooperation Agreement (1997).
A few Memorandums of Understanding (MoU) were also signed, including the MoU on Mutual Cooperation for the Promotion of Trade (1997), MoU on Higher Education (2018) and MoU on Mutual Cooperation for the Promotion of Trade and Investment (2019).
“To further facilitate bilateral cooperation, more bilateral instruments will be worked out by both countries.
“Currently, Hungary is the 51st largest trading partner of Malaysia and the 44th largest export destination for Malaysia. For the period between January and June 2021, total trade between Malaysia and Hungary amounted to over USD 400 million,” the embassy said.
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