Entrepreneurship minister to attend Polish-Israeli forum in Tel Aviv

Polish Entrepreneurship and Technology Minister Jadwiga Emilewicz will take part in a two-day Polish-Israeli economic forum starting in Tel Aviv on Tuesday. The aim of the forum is to support growth and facilitate direct business relations.

The event is held under the auspices of Poland's Ministry of Entrepreneurship and Technology and Israel's Ministry of Economy. Minister Emilewicz will be accompanied by representatives of Polish companies and trade and business institutions organising the forum.

The aim of the forum is to provide entrepreneurs from both countries with information on new opportunities for the development of Polish-Israeli economic cooperation and to support them in establishing direct business relations.

Polish Israeli trade amounted to USD 1.02 bln in 2017 and was up 10.5 percent on the previous year. Since 2009, Poland has recorded a trade surplus with Israel. In 2017, the surplus reached USD 200.4 mln.

In 2017, Israel was Poland's 40th biggest export partner with a 0.3 percent share in total exports and the 51st biggest import partner (0.2 pct share).

With foreign direct investments (FDI) at USD 353.8 mln as of end-2016, Israel is one of the most important investors from Asia and the Middle East in Poland, the Polish ministry stressed.

Polish FDI in Israel was worth USD 265.6 mln in 2016, making Israel the top destination for Polish investments in the Middle East, the ministry added.

In an interview with PAP, Minister Emilewicz said that the forum would be attended by more than 70 Polish companies. Israel will be represented by about 180 companies.

"What's important is that every Polish entrepreneur will have an Israeli partner from the same sector," Emilewicz stressed.

Among the most prospective sectors of cooperation, Emilewicz named chemical products, cosmetics, foodstuffs, IT/ICT solutions and smart transportation.

Several Polish agencies are expected to sign agreements with their Israeli counterparts and the Polish Investment and Trade Agency (PAIH) will officially open its trade office in Israel during the forum, the minister observed.

Emilewicz also said she was scheduled to meet her Israeli counterpart to discuss strengthening of bilateral cooperation.