Prime Minister Narendra Modi and Polish Prime Minister Donald Tusk on Thursday set a target of doubling bilateral trade between India and Poland by 2030, according to the joint statement issued after their meeting in New Delhi.

Source: IANS

The leaders called for the early signing and ratification of the India–European Union Free Trade Agreement (FTA) and its timely implementation, to unlock new opportunities for trade and investment, diversify and strengthen critical value chains, and open new markets, the statement said.

Source: IANS

The Ministry of External Affairs said the two leaders explored new avenues of cooperation in areas including artificial intelligence, green technologies, critical minerals and defence, while deepening ties in trade, investment, education, culture and people-to-people exchanges, and reaffirmed their commitment to a rules-based international order and reform of global institutions, including the UN Security Council.

Source: MEA via DevDiscourse

Modi invited Polish companies to expand their investments and operations in India and benefit from India's large market, skilled workforce and growing manufacturing and innovation ecosystem. Tusk appreciated Indian investment in Poland and highlighted Poland's strength as a gateway for Indian businesses seeking to expand in Central and Eastern Europe and the wider European market, IANS reported.

Source: IANS

The two leaders agreed to expand cooperation in agriculture by resuming the activities of the bilateral working group, and welcomed the India–Poland Business Forum held during the visit. They encouraged businesses to explore partnerships in industrial machinery, defence, infrastructure, pharmaceuticals, mining and critical minerals, energy, ICT and other areas, and underscored resilient and diversified supply chains, promotion of small and medium enterprises, innovation-led growth and digital transformation, the statement said.

Source: The World Opinion (IANS report)

Key facts

Joint statement, Thursday, New Delhi: India and Poland will work to double bilateral trade by 2030; both leaders pressed for early signing, ratification and timely implementation of the India–EU FTA; agriculture working group to resume; new cooperation avenues include AI, green technologies, critical minerals and defence.

2030target year to double India–Poland bilateral trade
2024year ties were elevated to a Strategic Partnership
2xthe trade goal set in the joint statement