Poland Eyes Broadening Economic Cooperation with Iran

Warsaw is determined to strengthen economic and trade cooperation with Tehran despite the US sanctions.“ Purdue said.

Purdue noted that Poland`s economic activists are ready to widen trade relations with Iran.

`However. we are determined to develop trade relations with Iran regardless of the US sanctions.` the Polish economic attaché added.

He noted that Poland welcomes cooperation in the fields of pharmaceuticals. machinery and agriculture with Iran.

In a relevant development in November 2018. Poland’s Ministry of Entrepreneurship and Technology voiced its willingness to widen cooperation with Iran`s mining and industry sector. and said the two countries` cooperation is on the right track.

`Cooperation with Iran is a great opportunity for Polish companies to enter the regional market.` Tehran Bureau Chief at Polish Investment and Trade Agency Jaroslaw Kaczynski told reporters in Tehran.

He reiterated that Iran is among major potential targets of the Polish manufacturers. and said. Some 25 percent of the machineries manufactured in the European country are mining equipment. which majorly suit Iranian market due to its considerable capacity and the characteristics of Iranian mines.

Kaczynski underlined that Iran is situated in a strategic geographical position which can also be used as a corridor to reach other regional markets.

Several Polish brands are already present in the Iranian market and are operating in major coal mines. he said. adding. For almost 13 years. our machineries have been active in Iran. and we have granted support to around 150 Iranian companies and provided them multiple services via more than 450 Polish manufacturing firms.

Kaczynski underlined that the two countries’ economic trade has witnessed an eye-catching 187.5 percent growth since 2015. which marks the landmark 2015 nuclear deal between Iran and major world powers.

The trade volume between the two states stood at $80 million in 2015. which reached $230 million in 2017. he added.

The goods traded between Iran and Poland mainly include agricultural machineries. medical instruments. glass items. home appliances and food products.

Several major Polish manufacturers are showcasing their products in the 14th International Exhibition for Mines. Construction Machinery and Related Industry and Equipment (Iran ConMin 2018). which is being held at Tehran Permanent International Fairgrounds.

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