Supplies of Uzbek goods to Poland have increased by almost a third, as it has been stated by Ambassador Extraordinary and Plenipotentiary Piotr Iwaszkiewicz at a press conference summing up the outcomes of the outgoing year.
"These dynamics of the Uzbek-Polish trade turnover suggests that in 2016 we have failed to overcome the reduction of mutual commerce between the two countries. The negative impact of external factors on this process continues", said the chief of the diplomatic mission with regret. However, given the high rates of economic development bоth in Poland and Uzbekistan, there is considerable untapped potential for foreign trade.
Referring to the statistics, the ambassador noted that in January-October 2016 the trade turnover between our two nations decreased by almost 8% if compared to the same period in 2015 and amounted to $106.3 million. At the same time, the volume of Polish exports to Uzbekistan declined by 17%, whereas the supply of Uzbek goods to Poland grew by almost a third. The supplies of goods from non-ferrous metals from Poland to Uzbekistan increased 4.5 times, of building materials – 2.6 times, electrical equipment – by 29%, measuring and other hardware – by 24%. In imports from Uzbekistan, the most rapidly growing volumes accounted for the supplies of chemical products, electrical goods, and minerals.
Answering the question of what is to be done in this situation, Piotr Iwaszkiewicz said that “in these circumstances, our embassy’s department for the development of trade and investments has focused on maintaining active business dialogue during the outgoing year.
A landmark event in consolidating the cooperation in the field of road transport and related areas was a trip to Poland of an interagency delegation from Uzbekistan, who got acquainted with the organization of traffic control systems. It is worth reminding that this area of the bilateral interaction is a priority since nearly two-thirds of mutual supplies of goods are conducted by automotive roads.”
In November 2016, the All-Polish Chamber of Commerce organized the visit of a Polish trade and economic mission to Uzbekistan. “These trips are very important, and we are encouraged by their regular nature,” the ambassador added.
Prospects for the consolidation of the normative framework for cooperation in trade, economic, financial and investment realms were discussed in Warsaw during the bilateral consultations between the foreign ministries of the two countries, and in fact the normative foundation of relations includes about 50 bilateral documents in political, trade-economic, cultural, humanitarian and other spheres.
Today, according to Piotr Iwaszkiewicz, vigorous activities are underway to agree on a number of new agreements anticipated to be inked in the coming year as part of the expected meeting of the Polish-Uzbek intergovernmental commission on economic cooperation.
Cotton and products made of it account for the major part – more than 46% – of exports of Uzbek goods to Poland