Deputy Head of the Ministry of Economic Development, Labour and Technology Robert Tomanek meets French counterpart, Minister Franck Riester.
02.02.2021
EU trade policy in the wake of the changing global structure, eliminating barriers on the single market and the recovery of the EU economy after the crisis were the main topics brought up during the meeting between Robert Tomanek, Deputy Minister for Economic Development, Labour and Technology, and Franck Riester, the Minister Delegate for Foreign Trade and Economic Attractiveness.
Nearly a year ago, the 1st Polish-French Future Industry Forum was organised – an important event, given the fact that France is one of our main economic partners. The key theme of the Forum, which focused on digitalisation and modernisation of the economy, becomes even more relevant in the context of the pandemic crisis and requires us to be very active. We are committed to work further to develop bilateral cooperation with France, as well as within the Weimar Triangle and the European Union. We are looking forward to a fruitful cooperation in the creation of EU competition and industrial policies, with particular emphasis on the role of IPCEI initiatives,
- noted Dr. Robert Tomanek, Deputy Head of the Ministry of Economic Development, Labour and Technology.
France has been one of Poland's main economic partners for years. In 2019. France ranked 4th among Poland's trade partners both in terms of Polish exports and in terms of the value of trade in goods. The bilateral trade has been growing year on year, and reached a record high of more than €22 billion in 2019. For years now, Poland has recorded a positive balance in trade with France, which amounted to 5.3 billion € in 2019.
Despite the ongoing pandemic, in the period from January to November 2020 Polish exports to France dropped by only about 5.5% compared to the same period in 2019 and amounted to about 12.2 billion €, while Polish imports from France decreased by 11.3% and amounted to more than 7 billion €.
Overall, Poland's trade in goods with France dropped from around 20.9 billion € annually to around 19.3 billion €, or by 7.7%; however, despite the crisis Poland maintained a positive trade balance, which amounted to nearly 5 billion €.
France also remains one of the largest foreign investors in Poland. By 2019, French companies had invested nearly €18.5 billion in our country, with France ranking 4th overall among the largest foreign investors.