A Buffalo man has been asked by the government of Hungary to reform its customs regulations.
George K. Keitner, executive vice president of the Western New York Foreign Trade Zones Operators Inc., predicts it will take two years to rewrite Hungary's laws governing international trade.
A Hungarian native, Keitner recently returned from a month-long speaking tour and business trip.
"I will rewrite Hungary's customs regulations . . . and establish a course for customs officers," he said.
Keitner explained that Hungary's customs authority asked him to revamp the nation's system for collecting taxes on imported goods. The Eastern European country currently is suffering from a financial crisis caused by the breakdown of communism and the nation's subsequent integration into a free-market economy.
Keitner explained that Hungary needs all the customs revenue it can collect. This year, the country must pay off $2.4 billion in loans plus a $1.7 billion interest payment, he explained.
U.S. Customs officials from the Buffalo district office are expected to aid Keitner in his efforts to reform Hungary's customs laws.