The UAE will host Expo 2020!
  • Arabic
  • French
  • German
  • Spanish
Supported by the UAE National Media Council

UAE is Poland's largest Arab trading partner

posted on 17/06/2010: 2504 views


The UAE has become Poland's largest trading partner in the Arab world, Roman Chalaczkiewicz, Polish Ambassador to the UAE, told Gulf News Wednesday.

About three to four years ago, Saudi Arabia occupied that position, he said in an interview.

Trade in 2008 stood at US$900 million (Dh3.3 billion), Chalaczkiewicz said. "About US$670 million was the value of exports from Poland to the UAE and US$230 million was exports from the UAE to Poland," he said.

Although a major trade partner, Poland does not purchase oil from the UAE, the ambassador said. "To avoid the transportation costs, we purchase oil from Russia and Norway because of their proximity," Chalaczkiewicz said.

Polish Minister of Treasury Alexander Grad visited the UAE last week and held talks with high ranking UAE officials.

He has invited the UAE to invest in the Polish energy sector as it undergoes privatisation.

Privatisation on track

About 70 per cent of the Polish economy has been privatised. The government plans to privatise 90 per cent by 2013, which offers many opportunities for foreign investors, Polish Ambassador said.

Poland's energy sector, the biggest in central Europe, is being privatised. About 90 per cent of the energy is produced from coal as the Poland is one of the largest producers in Europe. – Gulf News

RELATED ARTICLES

24 June 2015 UAE, Angola sign economic and technical agreement, MoU
22 June 2015 Abu Dhabi non-oil trade increases 11.9% in March
17 June 2015 UAE participates in 3rd GCC-US Dialogue on Trade and Investment in Qatar
13 June 2015 UAE, South Africa economic cooperation discussed
12 June 2015 Dubai Chamber CEO highlights Dubai trade benefits at 9th World Chambers Congress