India and Poland signed a three-year trade agreement in New Delhi on Friday (Jan. 12) providing for a thirty per cent increase in trade turnover.
SV EXT Secretariat Delhi
SV INT (Left to right) Polish Prime Minister, Polish Foreign Minister; Indian Foreign Trade Minister and Mrs. Gandhi take seats and sign documents
SV Mishra and Olechowski signing PAN TO Mrs. Gandhi
SV Ministers exchange documents and shake hands
SV Indian Minister look on
SV Polish Planning Commissioner, Henryk Kisel (left) and Indian Steel Minister sign agreement
MV Polish Prime Minister looks on
SV Signatories exchange industrial agreements
Initials BB/0043 GD/BOB/BB/0053
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Background: India and Poland signed a three-year trade agreement in New Delhi on Friday (Jan. 12) providing for a thirty per cent increase in trade turnover. The two countries also signed an industrial cooperation agreement which covers extensive collaboration in the fields of mining, agricultural machinery, chemicals and the manufacture of fishing boats in India.
The protocol envisages that most of the trade increase would come from new lines of imports and exports. Poland will buy more engineering and consumers goods from India and will supply more fertilisers, steel products and heavy machinery. India's Prime minister, Mrs. Indra Gandhi and the Polish Prime Minister, Piotr Jaroszewicz, were present at the signing ceremony. They also took part in talks on international affairs as well as trade between the two countries.
The trade agreement was signed on behalf of Poland by the Foreign Trade Minister, T. Olechowski, and by the Indian Foreign Trade Minister, M.L. Mishra. A supplementary agreement, covering mutual cooperation between the two countries was signed by India's Steel Minister, Mohan Kumaramangalam and the Deputy Chairman of poland's-Planning Commission, Henryk Kisel.
SYNOPSIS: Agreements substantially increasing trade between India and Poland were signed in Delhi on Friday. The Polish Prime Minister, Piotr Jaroszewicz, on the left, and the Indian Prime Minister, Mrs. Indira Gandhi, on the right, watched their Foreign Trade Ministers sign the protocol on behalf of their countries.
Most of the increased trade is expected to come from new types of imports and exports. Poland will buy more engineering and consumer goods from India and will supply more fertilisers, steel products and heavy machinery.
The three year trade pact envisages a thirty per cent increase in Indo-Polish trade. A second agreement between the two countries covered industrial cooperation in the fields of mining, agricultural machinery, chemicals and the manufacture of fishing boats in India.