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USA now stands as most important trading partner

28 Sep '07
3 min read

The challenges and opportunities facing companies exporting to America, was the theme for the conference that took place at 11 am, on Thursday the 27th September, in the Polish Information and Foreign Investment Agency (PAIiIZ) Press Centre in Warsaw.

The dynamic growth in the inflow of American investments to Poland means that the USA now stands as Poland's most important trading partner. During the first seven months of 2007, the value of Poland's exports to the USA has exceeded 1.1 billion USD, while American imports into Poland have reached 1.8 billion USD.

In USA trading contacts from the beginning of last year, the largest areas of growth have been in the export of arms, ammunition and in works of art. Increases in turnover have also been noted in the export of goods based on vegetable products, of food articles, chemical products and in plastics.

In 2007 amongst all the projects serviced through the Agency, the American projects have taken the first place, making up 17% of all the completed investor's projects. The forecasted investments for American companies this year form 1/3 of the total of all the declared capital investments to take place through PAIiIZ this year; they have also become the largest employers committed to employing 35% of all the new workers, i.e. more than the combined efforts of the remaining four of the “big five” countries – Japan, Germany, France and China, whose employment forecasts combined, are for 28% of all the new work places.

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