Poland could be ‘gateway’ for Singapore investments: minister

In 2017, Polish exports to Singapore stood at USD 241.8 million and imports at USD 574.8 million. Photo: Valentin Wolf imageBROKER/Shutterstock

Investment and Development Minister Jerzy Kwieciński said on Wednesday during the World Cities Summit in Singapore that Poland could be a gateway for investors from Singapore who want to expand their activities on the European market.

During the summit, Minister Kwieciński met Singaporean Secretary of State at the Ministry of Trade and Industry Koh Poh Koon, and National Development Minister Lawrence Wong.

“We are interested in maintaining a high level of political dialog with Singapore,” Mr Kwieciński said. He added that as a member of the EU with a rapidly developing economy, Poland could serve as a gateway for Singaporean investors to expand their activities on the European market.

The minister also met with Polish entrepreneurs and representatives of the Foreign Trade Office in Singapore, who were present at the accompanying trade fair.

The World Cities Summit is a platform for government leaders and industry experts to address livable and sustainable city challenges, share integrated urban solutions and forge new partnerships. The summit is organized jointly by Singapore’s Centre for Livable Cities and Urban Redevelopment Authority.

Polish apples debuted on the Singaporean market in 2014. Photo: FRANCIS DEAN/Shutterstock

Not just apples

Singapore is an important trade partner for Poland. In 2017, Polish exports to Singapore stood at USD 241.8 million and imports at USD 574.8 million.

Zenon Kosiniak-Kamysz, the Polish ambassador to Singapore, told Business Insider Poland that Polish apples debuted on the Singaporean market in 2014.

“In this way, we showed our entrepreneurs that the embargo imposed on Polish apples by Russia is not the end of the world, that we need to look further,” said the ambassador.

“After apples came Polish milk, cheese, chocolate and [other food products],” said Mr Kosiniak-Kamysz, adding that “now we are moving into the poultry sector,” an area which is very promising, he added.

More affluent Singaporeans are eager to purchase luxury boats and catamarans worth several million dollars made in Polish shipyards. “I was a witness to such transactions myself. It’s a great thing,” affirmed the ambassador.

In the field of scientific cooperation, Poland will be working with Singapore on an autonomous car, which the ambassador described as “a project that falls within the Singaporean philosophy very well.”

A statue of Frederick Chopin near the Symphony Lake in the Singapore Botanic Gardens. Photo: Jappalang/commons.wikimedia.org

Singapore - city born from a Polish mind

It is noteworthy that much of the Singaporean infrastructure was designed by Krystyn Olszewski – a Polish architect who was invited to the Lion City in 1968.

His idea was to structure the agglomeration in a circular form of “new cities” surrounding central green areas that serve as rainwater storage. Later, Mr Olszewski was appointed as UN expert for the redevelopment of Singapore.

Poland will be working with Singapore on an autonomous car. Photo: Richard Coulstock/Shutterstock

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