Development Ministry: TTIP will boost Poland's GDP

The Transatlantic Trade and Investment Partnership (TTIP) agreement will be beneficial for the EU and Poland as it will boost Poland's GDP by between 0.2 percent and 0.5 percent according to certain analyses, said Radosław Domagalski-Łabędzki, deputy minister of development. He also informed that Polish exports to the US are expected to grow by 30 percent thanks to the deal. Additionally, the ministry sees the possibility of gaining access to shale gas extracted in the US, which is cheaper than in Europe. TTIP is a trade liberalization agreement negotiated between the US and the European Union.