UAE and Poland to strengthen bilateral trade relations

Warsaw, Poland - Jan 27, 2010 (WAM)- HE Sultan Saeed Al Mansouri, UAE Minister of Economy, said the UAE and Poland will strengthen bilateral trade relations by leveraging the investment environments in both countries. On a four-day official visit to Poland, he met with senior officials and more than 30 leading Polish entrepreneurs, who expressed their interest in investing in the UAE. Al Mansouri is accompanied by senior officials of leading UAE companies, who presented their profiles to Polish investors.
"Today the UAE Economy has the strength and capabilities to compete on the global level more than ever before. We have plans to expand the UAE's economic relations with countries all over the world. Through wise economic policies, offering an ideal investment environment and lowering the dependency on oil resources, the UAE has been able to attract huge investments from across the world," Al Mansouri said, inviting Poland's business houses to leverage the growth opportunities offered by the UAE.
Al Mansouri said the visit is a step forward to furthering economic, trade and investment relations between the UAE and Poland. The volume of trade between the two countries reached US$642 million (Dh2,361 million) in 2008 and Polish investments in the UAE reached US$80 million through 18 companies operating here. The UAE is Poland's leading trading partner in the Gulf and imports from Poland are valued at US$617 million.
Al Mansouri said the two countries have signed a series of agreements covering double taxation in 1991 and civil aviation in 1994, among other areas.