Poland promotes country's aviation industry at US fair
The Polish stand at the industry trade fair "Aerospace & Defense Supplier Summit," which starts on Monday in Seattle, will promote the Polish aviation industry among foreign entrepreneurs, the Polish Investment and Trade Agency (PAIH), the stand's organiser, said on Friday.
As the PAIH expert Adrian Huta from the Association of Polish Aviation Industry pointed out, there are currently about 160 aviation companies and institutions in Poland, which employ 27,000 engineers and generate turnover close to USD 3 billion. "Among them, companies with North American capital have a very strong position, so the presence at the Seattle fair may prove to be crucial in the foreign expansion of Polish producers of aircraft parts," he said.
PAIH noted that the Aerospace & Defense Supplier Summit is a prestigious trade fair listed by PAIH among events during which the agency promotes the aviation and automotive parts industry under the Intelligent Development Operational Programme. "The national stand put together by the agency gives Polish producers a unique opportunity to present a commercial offer and establish important business relations," PAIH stressed.
"Our country has a significant share in the global aviation industry," the deputy director of the PAIH economic promotion department, Robert Zawadzki, pointed out. "Today, in every aircraft in the world, you can find at least one part produced in Poland," he added.
Polish exports to the US will grow strongly this year, according to PAIH. Over the past five years, they have increased by more than 50 percent. "In 2016, goods worth a total of USD 5.97 billion were exported to the US."
Over 70 aviation companies operating in the United States are Polish or have Polish capital, and the total investment value is over USD 2 billion, PAIH said. The American Chamber of Commerce in Poland, on the other hand, estimates the total value of US investment commitment in Poland at about USD 40 billion, and employment - about 200,000 people.