trade & investment section embassy of poland in washington, dc
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Doing Business with Poland . Zbigniew Kubacki Minister-Counselor Chief of Section. Trade & Investment Section Embassy of Poland in Washington, DC. Key Facts About Poland. Area:312 700 sq km – 6 th in the European Union - PowerPoint PPT PresentationTRANSCRIPT
Trade & Investment SectionEmbassy of Poland in Washington, DC
Doing Business with Poland
Zbigniew KubackiMinister-CounselorChief of Section
Trade & Investment Section Embassy of Poland in Washington, DC
Key Facts About Poland
www.washington.trade.gov.pl2
Area: 312 700 sq km – 6th in the European Union
Population: 38,12 million – 6th in the European Union
GDP total: USD 422 B (2007), USD 526 B (2008), USD
590 B (2009)
GDP growth: 6.6% (2007), 5.0%(2008), 1,7% (2009)
Membership: EU, NATO, OECD, WTO, Schengen Zone
Trade & Investment Section Embassy of Poland in Washington, DC
Stable Political Environment and Fast Economic Growth
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Beginning oftransformation
NATOOECDWTO
SchengenGDP(bn USD)
European Union
Source: International Monetary Fund, World Economic Outlook Database, 2007
Trade & Investment Section Embassy of Poland in Washington, DC
Economic Benefits of Joing the EU Part of the single market of 455
million people Free movement of goods,
services, capital and labor Rise in production volume Increase in FDI in Poland by
82 B USD between 2004-2008 Transparent legal system Financial share of Poland in the EU
funds in 2007- 2013 87.5 B USD
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Trade & Investment Section Embassy of Poland in Washington, DC
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3.85.2
76.2
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3.95.3
3.6
6.2 6.7
4.8
1.7
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-6
-4
-2
0
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1991 1993 1995 1997 1999 2001 2003 2005 2007 2009
Real GDP Growth in Poland
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Trade & Investment Section Embassy of Poland in Washington, DC
Poland – a Young Society 87% of students speak a foreign language 50% of the population is less than 35 years old, 35% under 25 Nationwide network of 448 universities and polytechnics
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Percentage of population in higher education in the 20-29 age group
Number of students in selected countries in thousands
Source: EIU, Eurostat 2008
Trade & Investment Section Embassy of Poland in Washington, DC
Total Foreign Direct Investment in Poland
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USD bn
*Est. Polish Information and Foreign Investment Agency
Total FDI value at the end of 2007: USD 175 851 mln
Last geographical data for 2007 published in January 2009
Sources of FDI
Trade & Investment Section Embassy of Poland in Washington, DC
R&D Centers in Poland
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Source: PAIiIZ2008 new US centers: Telcordia Technologies, DisplayLink, Acxiom, Woodward Governor
Kraków
Warszawa
Bydgoszcz
Wrocław
Poznań
Gdańsk
Zielona Góra
Trade & Investment Section Embassy of Poland in Washington, DC
Kraków
WarszawaBydgoszcz
Wrocław
Poznań
Bielsko Biała
Olsztyn
Łódź
Shared Service Centres
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Global competence center
Accounting, IT,Taxes, salaries, Legal division
Outsourcing of IT services
Accounting. Finance
Accounting, Finance
Accounting, Finance
Human Resources
Back office support services
Human Resources
Accounting, Payments, Taxes
Human Resources
Outsourcing of IT services, Finance, Accounting
Accounting
Outsourcing of IT services, Finance, Accounting
Transactions services
Trade & Investment Section Embassy of Poland in Washington, DC
Structure of programmes co-financedfrom structural funds
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2007-2013 (87.5 bn EUR)
OP Human Capital 21,580
M EUR
OP Innovative economy
OP Infrastructure and Environment
OP Development of Eastern Poland
OP European Territorial Co-operation
OP Technical assistance
10,790
36,270
2,990
910
650
16 Regional Operational Programs 21,589
Trade & Investment Section Embassy of Poland in Washington, DC
Poland- US Bilateral Relations Legal Framework
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•Economic Treaty of 1990 (Treaty Between the United States and Poland Concerning Business and Economic Relations, amended on January 12, 2004)
•Agreement on avoidance of double taxation
•Modern EU legislation in force
•Freedom of Business Activity Act
•No visa requirements for US Citizens
Trade & Investment Section Embassy of Poland in Washington, DC
Advantages for US Businesses
•Guaranteed long-term stability for growth
•EU single market access - 500 million potential new customers
•Biggest recipient of EU aid for 2007-2013
•Western standards within regulatory framework
•Benefits from EU Common Trade Policy
•Future member of the € single currency zone
•Active player in Transatlantic partnership and business dialogue
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Trade & Investment Section Embassy of Poland in Washington, DC
Poland - US Trade
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1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Exports Imports
Bn USD
Poland’s export to the US has been steadily growing for the past years.
Trade & Investment Section Embassy of Poland in Washington, DC
The future of US Investment in Poland
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R&D and BPO Centers for European Operations
Trade & Investment Section Embassy of Poland in Washington, DC
US investments – Polish success story
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1991 2000 2002 2003 2004 2005 2006 2007 2008 2009
35 employees $12M revenue
400 employees $164M revenue
700 employees $200M revenue
851 employees $250M revenue
2121 employees $389M revenue
First Systems Integration
Contract
Data Center – first SO contract
BTO in Kraków
Growth Case Implementati
on
Innovation Center
Software Lab in
Kraków
R&D Center
in Gdańsk
BPO in Gdańsk
and Wrocław*
*over 3000 new jobs created
Trade & Investment Section Embassy of Poland in Washington, DC
US Investments - Polish Success Stories
……………………
Pratt & Whitney4100 employees
in Rzeszów
Pratt & Whitney Aerotech Kalisz 1518 Employees
Sikorsky AircraftPZL Mielec
1480 Employees
Otis Elevator Krakow339 Employees
US investments – Polish success story
Trade & Investment Section Embassy of Poland in Washington, DC
Strategic Location
Cost Effectiveness
High Potential Human Resources
Influx of EU Funds
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So why Poland?
Trade & Investment Section Embassy of Poland in Washington, DC
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Not Only in the USA... Not Only Business...
Typical American diners and cafe’s:
Hard Rock Café
Jeff’s
PLFA
Polish American Football Association
3 divisions
9 teams
Trade & Investment Section Embassy of Poland in Washington, DC
Thank you for your attention!
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www.washington.trade.gov.pl