Poland’s deputy economics minister is visiting Taiwan with a delegation. On Tuesday, he attended the 10th Taiwan-Poland Economic Consultations held by the Ministry of Economic Affairs. During the forum, Taiwan and Poland signed three MOUs for closer cooperation, including in the field of electric vehicles research.

Grzegorz Piechowiak

Polish deputy economics minister

Many Taiwanese businesses have established themselves in the Polish market, and invested in Poland. But the current level of cooperation could be further deepened. This forum today shows that the government of Poland is hoping to attract Taiwanese investors.

Emile Chang

MOEA Department of Investment Services

Amid the U.S.-China trade war, the COVID pandemic and the Russia-Ukraine war, it has been crucial that overseas Taiwanese businesses diversify their production bases.

Due to its geographic location and workforce of 23 million, Poland has become a major investment destination for Taiwanese businesses. Poland has a rapidly advancing hot-melt adhesive industry and car parts industry, and is a hub for electronics assembly. So far, 31 Taiwanese businesses have set up shop in Poland, with an eye on breaking into the European market. Trade between the two countries reached US$1.65 billion in 2021, rising 33% from the previous year.