Key Issues

Key Issues for Hungarian-American Relations

Membership in international organizations

Along with the USA, Hungary is a member of the United Nations (UN), the North Atlantic Treaty Organization (NATO), the Euro-Atlantic Partnership Council (EAPC), the Organization for Security and Cooperation in Europe (OSCE), the Organization for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO).

 


 

Military cooperation within NATO

Since its accession in 1999, Hungary has been a reliable military ally of the United States.

  • US and Hungarian troops continue to fight as brothers-in-arms around the world. After contributing to the ISAF mission in Afghanistan from the start, the Hungarian Defence Force has stayed active in the subsequent Resolute Support Mission. Furthermore, there are around 200 Hungarian soldiers in Kosovo, participating in the KFOR peacekeeping force.
  • As a member of the Global Coalition to Counter ISIL, Hungary provides military aid to US-led forces in Iraq and Syria.
  • The Hungarian Air Force participates in the Baltic Air Policing mission with four Gripen fighters based in Lithuania.
  • Hungary provides contributions to NATO’s capabilities in the form of the Pápa Air Base, which is part of the multinational Heavy Airlift Wing unit within the Strategic Airlift Capability program, and the NATO Force Integration Unit in Székeshérvár.

 


 

Trade relations

For Hungary, despite the geographic distance, the United States is the second largest trading partner after the EU28 (both in merchandise trade and trade in commercial services) and a top investor. Hungary serves as a regional financial hub for Central and Eastern Europe with cumulative foreign direct investment totaling approximately $60 billion since 1989, the United States is one of Hungary's most important economic partners. The U.S. is the 10th largest investor in Hungary and investments by U.S. companies account for over 9 billion dollars. More than 600 American companies, many of them Fortune 500 listed, have subsidiaries in Hungary.