Poland eager to welcome more Japanese investments: PM

The Polish Prime Minister Mateusz Morawiecki started his two-day visit to Japan on Monday.

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First on the agenda for the PM was a meeting with representatives of Japanese business, associated with the Nippon Keidanren organisation.

During his address to the participants of the meeting, Mr Morawiecki declared that Poland is ready to welcome Japanese producers and investors and wants to develop economic cooperation between the two countries, including energy, electromobility and new technologies.

“Japan's dynamic development and advanced technologies are admired and respected all over the world,” he stressed.

The PM also added that Poland was “looking closely” at Japanese solutions when planning transformation towards a more innovative economy.

Mr Morawiecki also referred to the geopolitical location of both countries. “Japan lies next to vast China and Russia, Poland in the heart of Europe - between Germany and Russia. Our geographical location was a burden in the past, but today it has become a strong asset,” he said.

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Areas of cooperation

The Polish PM also mentioned possible areas for cooperation between Polish and Japanese companies. He emphasised low-emission transport, including Toyota's investment in a hybrid centre in Poland, the only one outside of Japan, as well as hydrogen-based technologies.

“As one of the largest hydrogen producers in the EU, we want to develop competence in this area and draw on Japanese experience,” he said.

Mr Morawiecki also declared that the Polish government wants to invest in coal gasification technologies used in Japan.

Kuniharu Nakamura, deputy head of Nippon Keidanren, said that Poland shares basic values with Japan, including freedom, democracy and the primary role of law. He expressed the conviction that the visit of PM Morawiecki would contribute to further strengthening relations between Poland and Japan.

He also noted the opportunity for increasing mutual trade exchange and reducing customs duties on some products from the EU, which help enable increasing exports from Poland. “Poland is actively working for the development of direct investment,” Mr Nakamura said.

Currently, 300 Japanese companies operate in Poland, mainly automotive parts manufacturers. According to Mr Nakamura, further tax breaks may contribute to increased interest from Japanese companies in making investments in Poland.

“Poland as the largest economy of Central and Eastern Europe and a country conveniently placed with access to Western Europe, the Baltic States, Ukraine and Russia is a strategic partner for Japan,” he added.