Go To Content

Ministry of Economic Affairs,R.O.C.

:::
What's New
2020-09-15 16:52
Department of International Cooperation

Virtual Taiwan-Poland Economic Consultations achieves significant outcomes

Hits: 454
The 9th Taiwan-Poland Economic Consultations was convened Sept. 15, 2020
The 9th Taiwan-Poland Economic Consultations was convened Sept. 15, 2020, with the two sides exchanging views on a range of issues, including investment, trade as well as collaboration in the electric vehicle sectors, cybersecurity, and smart city development.

The meeting, which was held virtually due to the ongoing global COVID-19 pandemic, was co-chaired by Taiwan’s Deputy Minister of Economic Affairs Chern-Chyi Chen and Undersecretary of State Krzysztof Mazur of Poland’s Ministry of Economic Development.

In his opening remarks, Undersecretary Mazur noted the Economic Consultations play an important role in facilitating cooperation between Taiwan and Poland. Regarding the post-pandemic era, he said that all stakeholders should work to strengthen supply chain security and resilience and that Poland is willing to cooperate on this with Taiwan, which is aiming to do so with like-minded regions, such as the Visegrad Group. The Undersecretary also expressed the hope that Poland and Taiwan could enhance their ICT industry cooperation, which would further enhance supply chain connectivity between the two sides.

For his part, Deputy Minister Chen pointed out that bilateral exchanges have continued uninterrupted despite the ongoing pandemic. For example, the first direct charter cargo and passenger flights from Poland -- carrying medical supplies and overseas students, respectively – arrived in Taiwan in April and June, marking a milestone in bilateral transportation links. Also, Taiwan’s imports of pharmaceuticals from Poland have increased fivefold year on year. The Deputy Minister further said that active implementation of the resolutions arrived at during the Economic Consultations over the years has led to fruitful outcomes. For instance, in the area of trade, access has been granted to the Taiwan market for Polish apples, while in the area of investment, the two sides have signed an Avoidance of Double Taxation Agreement, further providing incentives for Taiwanese business to invest in Poland. In the area of industry exchanges, delegations of representatives of various Polish cities have taken part in the Smart City Summit and Expo several times in recent years. Because the industries of Taiwan and Poland are highly complementary, the Deputy Minister said, the two sides could combine their respective strengths and advantages to jointly tap European and Asia-Pacific markets.

Many positive results were achieved during this year’s Consultations, including resolutions to enhance bilateral investment cooperation, strengthen collaboration and exchanges on EV technologies and components, and launch an expert dialogue mechanism on cybersecurity-related issues, and promote smart city development.

Also of note, two major memorandums of understanding were signed in a ceremony during the Consultations. The MOU between the MOEA’s Small and Medium Enterprises Administration and the Polish Agency for Enterprise Development is aimed at enhancing expert exchanges, information sharing and collaboration on SMEs, innovation, and business startup development.

Under the second MOU, signed between the Taiwan Accreditation Foundation and the Polish Centre for Accreditation, the two agencies will share accreditation resources and mutually recognize each other’s assessment results, thereby speeding up the assessment process and reducing overall costs by nearly 50%, and in turn further facilitating two-way trade between Taiwan and Poland.

Poland, which enjoys a strategic central location in Europe and possesses strong manufacturing capabilities, has witnessed steady economic growth in recent years. In 2019, the country’s GDP ranked 1st in Central Europe and 21st globally. Growth of over 4 percent for the year was among the highest in the EU. More than 30 Taiwanese manufacturers have set up operations in Poland, in sectors such as electrical and electronics, ICT, and automotive and parts.