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Almost PLN 7 billion in new projects achieved thanks to participation of Polish companies in trade missions abroad

22-08-2016

The latest foreign trade missions organized by the Ministry of Development involving KUKE have already produced tangible results - almost 20 projects in total for a sum close to PLN 7 billion.

The active support of Polish exporters in soliciting export contracts provided by KUKE translates into significantly enhanced credibility of Polish firms as potential business partners. The national export credit insurer, declaring its willingness to extend insurance cover to foreign contractors for transactions entered into with Polish exporters, is opening many doors, especially on those foreign markets which, for various reasons, were previously closed to Polish entrepreneurs.

KUKE’s presence has also facilitated establishing direct contact with the representatives of public agencies and institutions executing the national policy in sensitive sectors such as transport infrastructure, energy, the extractive, fuel or petrochemical industries, which are crucial to investment decisions.

A good example of this is the trips of Polish entrepreneurs, representatives of the Ministry of Development and KUKE to Iran, which has resulted in a potential of PLN 6 billion worth of export contracts being obtained over the next 3 years. Importantly, Polish entrepreneurs, with KUKE’s support, concluded promising cooperation agreements for future business relationships opening up the possibility of taking active part in the new investment plans of Iran. Note that after the lifting of the sanctions in March of this year, Iran has become one of the five priority export directions for Poland, particularly in the scope of investment goods and services.

The mission to Kazakhstan can be perceived as equally successful, where the representatives of Polish business and KUKE representatives together extended a very broad cooperation offer. The effects are already measureable since Polish companies are planning the execution of projects worth PLN 1 billion in total.

These actions are one of the significant elements facilitating the foreign expansion of Polish companies in line with the principles of the Strategy for Responsible Development.

More missions, for instance to Australia, New Zealand and Cuba, are already on the table.