Hungary Turkey Relations: History, Present and Future Scenarios

Abstract

Due to the historical past with the Hungarian, ethnic and cultural structures strengthen trust and friendship ties with Turkey. Therefore, historical ties now must be able to make a strong friend and ally that come Hungary close to the West in terms of Turkey; and this must provide that the countries must perceive Turkey as an important ally in the future, this should be able to build Eurasia 's / region's common future based on common benefit. One of the factors that performs strong and stable relations between the countries are undoubtedly trade relations. The trade volume between Turkey and Hungary is about 2 billion dollars in 2014. Calculating the total commercial capacity of the two countries which is about 620 billion dollars, the lack of trade between both countries have emerged. In the economic and commercial domains, relations are also developing between the two countries, yet still do not reflect the true potential the two economies have. Bilateral trade volume has reached 1.879 billion USD in 2013. (Turkey?s exports reached 652 million USD, while its imports amounted to 1.227 billion USD in 2013). The study which is aimed at increasing the trade volume between the two countries; for this purpose, a required data about Hungarian economy will be presented, after expressing trade relations with Turkey in the last twenty years, the study will complete with forward-looking the recommendations.