The Polish Minister of Home Trade and Services Mr. Edward Sznajder signed a trade protocol?
The Polish Minister of Home Trade and Services Mr. Edward Sznajder signed a trade protocol with Indian Minister of Commerce Professor D.P. Chattopadhyaya in New Delhi on Friday (6 April).
The Protocol envisages substantial increases in Polish purchases of Indian textiles and some manufactured products. In return Poland would supply India with fertilisers, sulphur and non-ferrous metalo.
The Protocol came at the end of the first meeting of the Indo-Polish Committee on Trade Exchanges, which was held in New Delhi from 2nd April to 6 April. The Trade Exchanges Committee was formed by the Indo-Polish Joint Commission, which was in turn established by an exchange of letters in January last year during the visit of the Vice-Chairman of the Polish Council of Ministers, Mr. Jan Mitrega.
The full Joint Commission, with its three Committees of Trade Exchanges, Mining, and Heavy Industry, will meet for the first time in Warsaw in June this year.
SYNOPSIS: At the Foreign Trade Ministry in New Delhi on Friday, Indian Commerce Minister Professor D.P. Chattopadhyaya signed a Trade Protocol with Polish Home Trade and Services Minister Mr. Edward Sznajder.
The details of the Protocol had been worked out with the Indians by a Polish trade delegation that had been in India since the beginning of the month.
Under the terms of the Protocol, both countries agreed to a substantial increase in trade between them. Poland will buy more Indian textiles and consumer commodities such as refrigerators, outlery and cosmetics. India in its turn has agreed to an increase in supplies of Polish fertilisers, sulphur and non-ferrous metals.
The Protocol was only part of a large programme of trade exchanges by the two countries last year. Discussion on further Trade Agreements in the fields of Mining and Heavy Industry are planned during a large Indo-Polish commerce meeting to be held in Poland in June.