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Development of Polish – Mexican economic cooperation. Meeting between Deputy Minister Grzegorz Piechowiak and the Ambassador of Mexico

24.05.2022

The meeting between the Secretary of State Grzegorz Piechowiak and the Ambassador of Mexico to Poland Juan Sandoval Mendiolea was held today. The leitmotiv of discussions was boosting the economic relations, including development of investment cooperation between both states.

Deputy Minister of Economic Development and Technology Grzegorz Piechowiak and Ambassador Juan Sandoval Mendiolea

Poland is interested both in the quantitative increase in trade exchange and increasing the share of innovation and high-tech goods. The innovation capacity of the Polish economy forms a great basis to develop cooperation between Poland and Mexico in the field of advanced technologies

- said Grzegorz Piechowiak, Government Plenipotentiary for Foreign Investments.

We are also interested in enhancing the research and technological cooperation on the basis of collaboration of the universities, institutes and research centres or establishing joint innovative scientific projects

- added the Deputy Minister.

Mexico belongs to the most important target markets in the perspective of Ministry of Economic Development and Technology activities aiming at development of economic and investment cooperation with the non-European states.

Key priorities of the Polish – Mexican cooperation for the upcoming future include among others:

  • involvement of the Polish companies in the implementation of projects covered by the Mexican investment programmes;
  • development of the advanced technology sector and smart-cities;
  • automotive, aviation, agricultural and food, chemical (including fertilizer), shipbuilding, petroleum, electromechanical, medical, telecommunications and cosmetic industries;
  • financial sector, including stock exchange;
  • cyber-security and unmanned aerial vehicles (drones);
  • establishment of joint scientific projects;
  •  Pacific Alliance, in which Poland has the observer status.

Mexico is the largest recipient of the Polish export in Latin America. In 2021, the value of the Polish export to this country reached USD 1.8 billion.

The main areas of the Polish investments in Mexico include the automotive industry, cosmetics and Polish – Mexican travel agencies. There are approx. 20 companies with Polish capital operating in Mexico, vast majority of which is located in the Mexico City and the Tlaxcala, Baja California Sur, Veracruz and Quintana Roo states. The advantages of Mexico as the investment partner include favourable geographic location, sustainably developing economy, numerous and well-functioning multi- and bilateral trade agreements (including the agreement with the USA and Canada, former  NAFTA and TLCUEM – free trade agreement with the EU), well-developed logistic network, young and skilled human resources (technical staff and engineers), incentives introduced by the state authorities (among other tax exemptions), free handover of the investment areas and rich deposits of natural resources (including crude oil, zinc, copper and silver).

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