WORLD

India And Poland Aim To Double Bilateral Trade By 2030

New Delhi: Prime Minister Narendra Modi and his Polish counterpart Donald Tusk on Thursday agreed to double bilateral trade between the two countries by 2030, according to a joint statement issued after their meeting.

The leaders called for the prompt signing, ratification and timely implementation of the EU-India Free Trade Agreement (FTA) to unlock opportunities for commerce and investment, strengthen value chains and open new markets.

PM Modi invited Polish enterprises to expand their investments and operations in India, citing the country’s expansive market, skilled workforce and growing manufacturing and innovation ecosystem. Tusk appreciated Indian investments in Poland and highlighted the country’s role as a gateway for Indian firms seeking to expand across Central and Eastern Europe and the wider European market.

Both leaders agreed to broaden agricultural cooperation by resuming activities of the bilateral working group. They also welcomed the India-Poland Business Forum, which brought together prominent chief executives and industry representatives from both countries, and encouraged partnerships in industrial machinery, defence, infrastructure, pharmaceuticals, mining, critical minerals, energy and information and communication technology.

The leaders emphasised resilient supply chains, support for small and medium enterprises, innovation-led growth and digital transformation.

They acknowledged the impact of digital technologies and artificial intelligence on economic growth, productivity and public service delivery. They agreed to pursue collaborative research in AI, semiconductors and quantum technologies, strengthen start-up partnerships and promote cooperation between enterprises, research institutions and innovation ecosystems.

The space sector was identified as a key component of the Strategic Partnership, with both sides supporting stronger institutional and industry-level engagement. They also highlighted cooperation in semiconductors, battery recycling, rare earth mineral refining, geology, mining and critical minerals. An MoU on critical minerals is under negotiation.

The leaders welcomed the possibility of enhancing direct flights between India and Poland and encouraged civil aviation authorities to hold direct talks.

Both sides also emphasised cooperation in shipping, maritime security and port connectivity to strengthen supply chains, reduce transit times and protect critical infrastructure. They highlighted connectivity initiatives, including the India-Middle East-Europe Economic Corridor (IMEC).

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