Government supports exports to Russia via conference and trade program
The government will support domestic exports to Russia through a new
program called "Russia, Our Trade Partner,".elaborated by economy minister
Janusz Steinhoff during yesterday's Warsaw conference "The Future of
Polish Exports." According to Steinhoff, Poland needs strengthened
financial tools to avoid a serious export crisis. Two relevant bills have
already been submitted to the Sejm, one concerning treasury-guaranteed
export insurance, the other subsidies for fixed interest-rate export
credits. The program of short-term export credits with one-year maturity
will apply to 80% of Polish exports to Russia. In the first 8 months of
this year, the trade deficit with Russia reached $2.34 billion, five times
Polish exports to the region. (Prawo i Gospodarka, pp.1,2; Puls Biznesu,
p.8)
