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25 September 2014

American Business Focuses on Poland

On 25 September, eyes of American business were focused on Poland. During the conference entitled “The Polish - American Investment Dialogue” held in Down Town Association, New York, delegation of the Polish business mission proved that it is worth doing business with Poland. The Polish mission arranged by PAIiIZ coincides with the official visit of Polish president Bronisław Komorowski and the delegation of representatives of Polish Ministry of Economy to the United States.

President of Poland, Bronisław Komorowski who was present at the conference, in his speach stressed that since 25 years, Poland have omitted economic recession. In contrary, it experienced a constant development. “We have achieved an 17-fold increase of exports comparing to other European countries. Now, to maintain the development of Poland, we have to increase the competitiveness of all areas of Polish economy. American experience should help us to do it”, said president Komorowski.

Mr Komorowski also argued that the trade cooperation between Poland and the US are constantly changing. “Today, Polish capital on American market a new thing, however, we provide really big investments there. We would like to build a common trade platform with the US”, he added.


President Bronisław Komorowski: Today, Polish capital on American market a new thing, however, we provide really big investments there.

Poland - a partner and destination for the US

Representatives of both governments: Stafan M. Selig, undersecretary of commerce for international trade and Polish deputy minister of economy Ilona Antoniszyn-Klik made speeches on mutual cooperation. Stefan Selig talked about the importance of Poland as a business partner of the United States. “We work on attracting Polish investments to the US as they can create thousands of new jobs in the country”, he said.

On the other hand, Ilona Antoniszyn-Klik taled said that two decades ago Poland entered the path of a peaceful process of political and economic transformation to become a democratic and a free-market country. Poland also opened its doors for foreign investments. American companies were one of the firsts to invest in Polish market. According to American Chamber of Commerce in Poland, since that time, investors from the US have invested $30 billion and created about 200,000 new jobs in Poland.

“Poland has many active and talented young entrepreneurs who offer high quality products regarding IT, new technologies, food or chemistry sector”, said Mrs Antoniszy-Klik. She also added that Poland has changed. “Now it is a fast developing country with plenty opportunities to do business there and with well stilled workforce”.

Poland as safe and one of the European most attractive investment location was presented by Jaime Reusche of Moody’s. His presentation preceded the panel discussion with PAIiIZ president Sławomir Majman on the bilateral experiences in investing.


Panel discussion on bilateral experiences in investing

“United States are the leader in terms of foreign investments in Poland”, said PAIiIZ president Sławomir Majman during the discussion. Over 30% of FDI currently supported by the Agency come from America. “The US companies invest in intellectual business and automotive industry in Poland due to Poland’s economic stability, size of the internal market and, above all, human capital and the Poles themselves”. Among the other most important factors of Poland’s investment attractiveness panellist mentioned central location in Europe and attractive investment incentives for foreign companies.

About hundred and fifty guests, among them investors, both - those already present in Poland, as well as those interested in locating their capital in the Polish market - had the opportunity to learn about procedures of investing and acquiring public support in Poland.

Polish - American Investment Dialogue was attended by representatives of SEZ, techno-parks and local institutions as well as companies who came to the US, on the invitation of PAIiIZ to talk about the potential of Polish economy and to promote priority sectors of the national economy regarding economic relations with the United States. Those are: agri-food sector, furniture, IT, BPO, R&D, aviation, logistics and engineering. The visit was also focused on presentation of the economic potential of Eastern Poland macroregion.

Polish food - healthy and innovative

The conferene was also focused on the issues related to Polish agri-food sector. As PAIiIZ deputy president Monika Piątkowska argued, high capacity of agri-food production is one of the strongest assets of the country. Poland - after France, Spain and Germany - has the forth biggest arable land area (11 million hectares), the second biggest grains sowing area (7.7 million hectares that is 14% of the total capacity of the EU) and the eight biggest grassland area (3.2 million hectares) in Europe.


Presentation of Polish food in the presence of president Bronisław Komorowski, Monika Piątkowska and others visitors

“One of the most important advantages of Polish food sector - that may be very interesting to the US receivers - is the flexibility. Polish food production can be easily and fast adjusted to the actual needs and expectations of a particular export market, argued Monika Piątkowska. “Moreover, Poland is developing the offer of probiotic, low fat products enriched with Omega 3 fatty acids. Polish food products are natural, healthy, innovative and available around the world at competitive prices”, argued PAIiIZ deputy president.

The food sector is a dominating economic branch of the Eastern Poland macroregion which covers 5 Polish provinces: Warmińsko-Mazurskie, Podlaskie, Lubelskie, Podkarpackie and Świętokrzyskie. It is also an area represented by 36 member of Polish business mission to the US that took part in the event. One of the most valuable branches of the macroregion’s food sector is dairy and meat industry, while the fruit and vegetable sector is the largest exporter. Polish agri-food products are highly appreciated in foreign markets. Good quality and cost-price advantages allow producers from the Eastern Poland to successfully enter many foreign markets.

The Polish healthy and organic specialties not only have been discussed during “The Polish - American Investment Dialogue”. One could also try them at the trade stand prepared by leading importers of Polish food to the US. Among the products presented at the stand there were: Polish types of cheese, cold meats and above mentioned exported hits - processed vegetables, juices and fruits.

Polish-American Investment Dialog was arranged together  by PAIiIZ in cooperation with the Polish – American Business Club and Trade and Investment Promotion Section in New York.(PAIiIZ)



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