A Taiwan trade promotion mission to Hungary has generated an estimated $16 million in potential business with that country, according to the Taiwan External Trade Development Council.

The mission was comprised of representatives from 56 Taiwanese manufacturers of information communications products, hand tools, hardware, machinery, textiles and electronic parts and components. 640 one-on-one sessions were held with over 200 Hungarian buyers during a trade event on April 5 in Budapest. This stop was the first leg of the mission's current tour through Central and Eastern Europe that will also take it to Russia, Belarus and Turkey. Total trade volume between Taiwan and Hungary totaled $530 million in 2010, with Taiwan enjoying a $375 million trade surplus with that country. Taiwan's exports to Hungary also rose 9.5% from the previous year, while Hungary's exports to Taiwan doubled.