Turkey – Poland’s Main Asian Partner

Celebrating Good Relations

Celebrating Good Relations

Despite declining trade by approximately 8% in 2002, Turkey still remains Poland’s main trade partner in the Middle East and Asia. Warsaw recently hosted a meeting between Turkish government representatives and business. This coincided with the official visit of the Turkish Prime Minister Recep Tayyip Erdogan to Poland. He was joined by Turkish business people representing the construction, energy, textile, logistics, food, and jewellery sectors. Turkey as well as Canada, Brazil, Algeria, and Kazakhstan are key new directions for Poland in terms of export. The Ministry of Economy has spent PLN 15 million in European Union funds promoting these countries. Thanks to this, Polish businesses have participated in a host of financed fairs and trade missions to Turkey. Last year, Poland exported €2.3 billion worth of products to Turkey. In comparison, Polish exports to the Czech Republic, which has a population almost eight times smaller than Turkey, amounted to €9 billion. Ankara currently prides itself on being one of the fastest growing economies in Europe. According to the World Bank, in 2010 the growth of the Turkish economy amounted to 8.2% GDP; in 2011 it was 8.5%. According to the International Monetary Fund, the GDP of Turkey will increase by 3.8% this year and by 3.5% the following year. In 2010, Polish-Turkish trade amounted to $4.6 billion, of which export constituted $2.5 billion and was higher by 42% in comparison to export in 2009. This trend continued in 2011 when trade amounted to $5.6 billion, of which export constituted $3.3 billion and increased by 33%.
forbes.pl

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