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The U.S. Commercial Service, together with the Poland Agency for Foreign Investment, is pleased to present this executive briefing by videoconference to bring U.S. exporters and investors up to date on major trends in Central Europe's largest market.
The Polish Minister of Economy, Jerzy Hausner, the Polish Minister of Treasury, Slawomir Cytrycki, and the United States Ambassador to Poland, Christopher Hill will present perspectives on developments in Poland and what they mean for U.S. business.
- Since joining NATO in 1999, Poland has forged a strong strategic security alliance with the United States. One significant result was the late-2002 decision by the Polish Ministry of Defense to procure 48 fighter aircraft from Lockheed Martin. Defense industry cooperation and cross investments through direct offset will lead to new business for over 200 U.S. firms.
- The $3.5 billion fighter jet contract is expected to stimulate additional investment, trade and service business worth additional billions over the current decade.
- Poland will be the sixth largest market in the European Union, upon accession, in May 2004. This will result in and injection of $11.4 billion in funding aimed at major improvements in Poland's infrastructure. U.S. firms with established national branches in European Union countries, including all 25 current and accession members are qualified to bid on EU funded projects. Many more U.S. exporters and service providers may participate by partnering with Polish firms.
- Poland's labor rate is expected to be the lowest in the European Union over the next decade. This fact, together with renewed efforts by the Polish government to attract U.S. investors, could help Poland achieve its objective of emerging as the European leader in drawing foreign direct investment in the post-accession period.
- President Bush, together with President Kwasniewski and Prime Minister Miller have agreed to expand the bilateral commercial and economic dialogue between the United States and Poland. Commerce Secretary Evans has engaged to encourage companies to forge new ties and will visit Poland in June 2003.
- The U.S. Commercial Service in Warsaw reports that good market opportunities exist for U.S. companies across the spectrum, including small and large; new-to-market and old; exporters, traders and service providers.
To participate, please contact:
Todd Avery
U.S. Commercial Service - Arlington, Virginia
1401 Wilson Blvd, Ste 1225
Arlington, VA 22209
Tel: 703-524-2885/Fax: 703-524-2649
todd.avery@mail.doc.gov
www.export.gov
U.S. Commercial Service Warsaw
Poland Foreign Investment Agency
American Chamber of Commerce
In Poland
www.BuyUSA.gov/Poland
www.paiz.gov.pl
www.amcham.com.pl
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