Bilateral cooperation Embassy Consular information
POLISH-CANADIAN MERCHANDISE TRADE
Poland is the biggest Canadian trade partner in Central and Eastern Europe. In the first half of 2015 trade between our countries increased almost 8%, with Polish export up by more than 4%
Last year, trade turnover between Canada and Poland reached its record value, nearly 2,000 mln CAD (100 per cent increase compared to 2010). Polish exports to Canada amounted to CAD 1,6 mln , while Polish imports from Canada reached 346 mln CAD. Poland maintained a positive trade balance with Canada (almost 1,200 mln CAD).
The most important groups of products of Polish exports are: parts and components for aerospace industry, silver, fur skins, machinery, wooden furniture. The top groups in Polish imports from Canada were: airplanes and helicopters, parts and components for aerospace industry, power and electrical equipment, machinery and agriculture products.
Poland has been a strong supporter of the Canada-EU Comprehensive Economic and Trade Agreement (CETA). Once implemented, CETA is expected to increase EU-CA bilateral trade in goods and services by 23 percent or about €26 billion. CETA is expected to provide a €12 billion increase for Europe’s GDP. Canada and Poland will be able to boost trade, investment and innovation, and create new jobs and opportunities.
Canadian companies interested in establishing contacts with Polish companies or searching for products manufactured in Poland are invited to contact the Trade Commissioners’ Office of Poland in Montreal. While seated in Montreal, it acts on the whole territory of Canada.
MUTUAL FOREIGN INVESTMENTS
Polish companies are more and more innovative and very active in North America, including Canada. Poland It has made large investments in Canada and is looking for additional opportunities in the energy and extractive sectors. Poland’s KGHM Polska Miedź, one of the world’s largest copper producers acquired (in 2012) Canadian company Quadra FNX Mining along with its ore deposits in Canada, the United States and Chile. The deal reached the value of US$ 2,8 billion and has been the largest ever made by a Polish company in Canada. Significant Polish investors in Canada include oil companies ORLEN (TriOil, Birchill) and Kulczyk Investment.
One of the most important factors in attracting Canadian investment to Poland has been a well developing and crisis-resistant Polish economy (GDP growth: +3.3 per cent in 2014, more than average growth in EURO zone). The biggest and the best known Canadian investors to Poland are companies such as: Pratt&Whitney Canada, Bombardier Transportation, Shoppers Drug Mart, Nafa, Heli One, Wentworth Technologies Co. Ltd. and SNC-Lavalin.
Support for the potential investors is provided also by Polish Information and Foreign Investment Agency.
Learn more about doing business in Poland through the eyes of Canadian companies and find out some of the strengths of the Polish market: high level education, skilled workforce, stability and rapidly developing infrastructure:SEE MORE