Treaty with France: Poland The most important economic partner of Paris in the region

On Friday, a new Polish-French treaty will be signed in Nancy. For France, Poland is the most important economic partner in Central and Eastern European countries belonging to the EU.

According to data from the French-Polish Chamber of Commerce (CCIFP) It is in Poland that French companies located nearly half of all investments in the EU countries of Central and Eastern Europe. At the end of 2023, the accumulated direct foreign investment of companies with French capital reached approximately PLN 113 billion, after growing over five years by about a third. In the ranking of the largest foreign investors, according to the country of the headquarters of the dominant entity, the participation of France exceeded 8.4 percent, which places it in the four of the largest foreign investors in Poland.

27 percent French investments in Poland are concentrated in the industrial processing sectorfor 24 percent Information and communication, transport and logistics, 18 percent correspond to It's trade, 10 percent each These are areas of professional services as well as finance and banking. Almost 70 percent foreign investments in the area covering the telecommunications, media and IT industries come from France. As CCIFP emphasizes, each year nearly half of the profits generated in Poland by French companies are reinvested locally.

In a study conducted by CCIFP 48 percent French companies operating in Poland increased investment outlays in 2023. In recent years, the most 45 percent companies invested in the area of ​​digitization, 33 percent in environmental protection, 27 percent in production automation, 21 percent in the expansion of the production plant, and 18 percent in research and development activities. 62 percent French companies in Poland cooperate permanently with over 100 local, Polish partners, and every fourth has more than 1,000 permanent Polish suppliers or subcontractors. 61 percent She included some of her local suppliers in global supply chains.

As the Chamber emphasizes, in recent years you can also see the intensification of the activities of Polish companies on the French market. The cumulative value of shares and other forms of capital shares in French entities owned by Polish companies increased between 2017 and 2022 by approx. 80 percent. In 2022, Polish direct investments over the Seine were at the level of PLN 4 billion, which was France in 11th place among the directions of Polish investments abroad.

In CCIFP, the strengtent political and economic cooperation opens new opportunities for the development of partnership in strategic sectors. It is the arms and defense industry, nuclear energy and renewable energy sources, as well as digitization and innovations. As reminded by the Chamber of over 40 Polish companies, they cooperate with the French EDF group in the construction of nuclear power plants around the world. (PAP)

WKR/ Drag/