India, Poland sign agreement on economic cooperation

India and Poland have signed an agreement on economic cooperation and set a target of increasing bilateral trade to one billion dollars in next few years.

The agreement was signed between Commerce Minister Kamal Nath and Polish Economy Minister Piotr Grzegorz Woźniak in Warsaw, an official release said.

The pact seeks to enhance cooperation in the areas of mining, oil and gas, energy, geology, industry, information and broadcasting , transport, marine affairs, housing and tourism and agro and food processing.

The Polish government also agreed to liberalise visa norms for Indian businesses as a step towards strengthening trade and economic cooperation between the two countries, the release said.

Nath said India sees Poland as the gateway to eastern Europe and added that out of India's total merchandise trade of 250 billion dollars, trade between India and Poland was just 600 million dollars.

During his visit, Nath also met Polish Prime Minister Kazimierz Marcinkiewicz and invited him to visit India with a polish business delegation.
Source:zeenews.com