PAIH: exports to Iran increased fivefold since embargo ended

After trade sanctions against Iran were lifted last year, the value of Polish exports increased fivefold, while imports grew six times, Tomasz Pisula, president of the Polish Investment and Trade Agency (PAIH) said. According to the Central Statistical Office (GUS) data, in 2015, Poland exported goods worth $49.8 million, while importing $32.7 million in various products. According to Pisula, after years of neglect due to sanctions, Iran is a country on the lookout for new technologies, consumer and industrial goods, and Poland might become a significant supplier. “The market has a huge potential. The current growth is, in my opinion, just a tip of the iceberg. There's still much to be done. Both countries will benefit from what we're trying to develop now,” Pisula said.