Hungary Hoping to Incentivize Purchases of Domestic Goods Over Imports, Due to Pandemic
Hungary recently announced aid for its agriculture sector to mitigate impacts of the COVID-19 pandemic, including measures to incentivize purchases of domestic goods over imports, according to a U.S. Department of Agriculture Foreign Agricultural Service report released May 11. Hungary…
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is asking retail chains and domestic suppliers to “favor Hungarian products over imports” and will review its “import conditions” for certain agricultural goods, the USDA said. “A temporary adjustment of the quantity of imports originating from third countries could help to achieve a state of balance on the internal market and the creation of equal competitive conditions for internal production,” Hungary’s agriculture minister said, according to the USDA.