Polish Finance Minister Backs Free Trade and Doubling Ties by 2030

New Delhi, October 22: Poland’s Finance Minister Andrzej Domański has welcomed the expanding commercial relationship between Poland and India, while arguing that the two countries have yet to tap the full scope of their economic partnership.

Domański observed that trade between the two nations is increasing. Still, he maintained that the potential for collaboration remains far larger than what has been realised so far.

He set out an ambitious yet attainable goal. “We believe that at least doubling trade between our countries by 2030 is realistic,” he said. To pursue this aim, he travelled to India with representatives from companies in space, defence, information technology, pharmaceuticals and agriculture. He described Poland as one of the fastest-growing economies within the European Union and noted that India is also among the fastest-growing economies in the world.

According to Domański, the economies of the two countries are complementary across several sectors, offering a solid basis for stronger ties.

He called the agreements concluded between India and Poland important and expressed hope that they would soon be put into full effect. He argued that free trade between the two countries could be advantageous for Indian and Polish businesses as well as for European companies.

The Polish minister said his government supports fair trade. He credited Poland’s strong role in global value chains as a major factor in its economic advancement. He did, however, raise concerns about government subsidies in trade, asserting that the growth of global commerce is beneficial to Poland’s economy.

Turning to the Russia-Ukraine war, Domański said Poland’s position is unambiguous: Russia should bear the cost of the conflict.

Asked about Prime Minister Narendra Modi’s global leadership, he said there was no doubt Modi is a world leader. He also referred to India’s strong economy and rising soft power, and voiced the hope that Modi’s global influence could help resolve international problems, with India and Poland working together toward that goal.