Global Business Experts - News and events

03/01/2007

New Report:
A record year for trade.

On February 20th in Warsaw a press conference took place, devoted to the subject of British – Polish trade. The British–Polish Chamber of Commerce (BPCC) presented the excellent results of last year’s co-operation between the two countries.

2006 was exceptional and also a record year for each side in the trade between Britain and Poland – said Martin Oxley the managing director of the BPCC. 2006 was a record year for British – Polish trade. In comparison to 2005, a growth in excess of 70% was noted for the trade on each side. No other trading partner of Britain noted a similar increase of trade over the same period.

The value of exports from Britain to Poland equalled 2.79 billion GPB, whilst in the previous year it had amounted to little more than 1.5 billion GPB. In the same period Poland advanced up to 17th in the rankings of Britain’s largest export markets, passing some of England’s traditional trading partners such as: India, Australia and South Africa.

The tendency of increasing growth in Polish exports to Great Britain has also been maintained.

In 2006 it reached a record in the increase of 73%. A more than threefold growth in value, to over 500 million GPB, was recorded in the field of electronic and electrical systems, including new generation televisions. Apart from that a rapid increase in exports was also noted in the spheres of farming and foods and in the automotive industry.

Martin Oxley added – At last British exporters have noticed the opportunity which the Polish market provides them with. The attention of the British has been grasped by the message – Poland is a great place to do business. We hope that the swiftly growing exports to Poland is a signal of further future new British investments in the country.