Poland to establish new entity to promote exports

Poland is set to establish a new organization, the Polish Agency of Trade and Investments (Polska Agencja Handlu i Inwestycji) with a budget of PLN 100 million tasked with promoting exports. In 2017 it will replace the Polish Information and Foreign Investment Agency, deputy Development Minster Radosław Domagalski informed. The goal of the institution is to reach such a level of exports so that Polish companies can compete abroad with Western European peers, the official said. Domagalski also announced that "ineffective" departments of trade promotion associated with embassies and consulates will be liquidated. In the new model, the Development Ministry will be responsible for setting out strategic aims, supervision and control.