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11 December 2014

Cooperation on the third markets - Africa

Economic diplomacy, promotion of Poland on third markets, doing business in Africa, projects financing by international organisations - these were the main highlights of the debate entitled “Cooperation on the third markets - Africa".

"This event is a consequence of the activities arranged together by Ministry of Economy and PAIiIZ this year", said undersecretary of State in the Ministry of Foreign Affairs Katarzyna Kacperczyk while opening the debate. "We are ready to share our experience regarding transformation in African markets" added Ms Kacperczyk. It is important not to enter Africa on one’s own but to use all kinds of available support provided by local governments, banks or states that already are present in Africa”, added Sławomir Majman, PAIiIZ president.
"Currently, Polish - African trade is at the level of 1%, however we are doing our best to increase it to 3% in the next two years", said Mr Majman.
 
On of the highlight of the meeting, was a discussion moderated by president Majman on issues related to the mechanisms and instruments to facilitate cooperation on African market. Among panellist there were director of UNOPS (United Nations Office for Project Services), Ms Grete Faremo, undersecretary of state at the Ministry of Economy Andrzej Dycha, deputy president at the European Investment Bank Pim van Ballekom, deputy president of BGK Adam Świrski and deputy president of AICEP - institution supporting FDI in Portugal - Pedro Pessoa e Costa.
As deputy minister Kacperczyk noted, the synergy between governmental institutions is crucial in doing business on the third markets. "We offer four-element support that includes: information, organisation of promotional events, support for key transactions and support regarding intervention”, explained Ms Kacperczyk. "The primary function of the government is the creation of legal environment, for example by providing bilateral trade agreements on governmental level", said deputy minister Andrzej Dycha. Grete Faremo repetitive of UNOPS, the organization responsible for infrastructure development in the countries ongoing through the process of transition, indicated, that the African continent is an attractive market for foreign business. The increase in the inflow of foreign investment is the best reason to believe in it.

As deputy president Pim van Ballekom stated, it is the principle of fairness and economic justification which plays a crucial role in the granting of financial loans. Deputy president Adam Świrski presented the details of projects financing by BGK. Deputy president of AICEP noted that the partnership of Polish and Portuguese companies is a ticket to African countries. "260 million people in the world speak Portuguese - this is a very important business language. Consequently cooperation between Polish and Portuguese companies in third countries is a topic that should be continued”, added Mr Pedro Pessoa e Costa. (PAIiIZ)



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