Poland, Germany sign joint declaration on industrial strategy
Polish Entrepreneurship and Technology Minister Jadwiga Emilewicz and German Economy and Energy Minister Peter Altmaier in Berlin on Monday signed a joint declaration on an industrial strategy that should be adapted to the challenges of global competition.
The deal concerns investments in innovation, preparing joint strategic industrial policy goals, streamlining the regulatory environment for business at the national and EU levels and defending the EU's trade policy. The goals must be pursued with regard for budgetary and global competition realities, the document notes.
The declaration was signed at the Polish-German Economic Forum in Berlin, which attracted close to 400 representatives of Polish and German businesses.
"Our economic relations are in a very good condition. However, a global race is taking place. In order not to be left behind, our economies must enter a higher level of development and our cooperation must be based on foundations that are adequate for the challenges of the future," Minister Emilewicz said.
The Polish minister stressed that "the biggest added value in the face of global competition are joint innovative projects in such domains as industry based on digital solutions, advanced technologies, the space sector and sustainable energy generation."
Jadwiga Emilewicz underlined the importance of building German research and development centres in Poland.
"In terms of quantity, Germany is our number one partner, but we would expect more in terms of quality. Incidentally, it is not our biggest economic partner that has the most R&D centres in Poland, but the United States, which is not even in the top ten," Emilewicz stressed.
Both ministers underscored the importance of developing battery sectors in Poland and Germany.
Poland's exports to Germany reached EUR 62 bln in 2018, according to the Polish Central Statistical Office (GUS). German data show that Poland is the eighth biggest destination market and the seventh biggest trade partner for Germany.
By the end of 2017, Germany had invested EUR 34.95 bln in Poland. In 2016, nearly 5,000 companies with German capital employed a total of 366,000 workers in Poland. The cumulative value of Polish direct investments in Germany amounted to EUR 1.34 bln in 2017, with about 1,800 Polish firms having invested in the country. These companies employ 20,600 workers.