Shanghai companies tap Polish market
(eastday.com)
Updated: 2004-03-28 10:11

Fifty Shanghai companies will showcase their electronic products and other information-related goods at an international trade fair in Poland in June.

This will be the city's first effort to tap the eastern European country.

The companies, mostly in the information technology sector, will exhibit made-in-Shanghai products, in Poznan, from June 14 to 17 as part of the Poznan International Fair, according to Shanghai Foreign Economic Relations and Trade Commission, one of the fair organizers.

The commission said eastern Europe has become a key trade and investment area for local firms to tap starting this year, given the huge market potential.

Poland and another nine European countries will join the European Union on May 1.

"Poland hopes to cooperate with Chinese companies in power supply and environment protection technologies which we have an edge in," said Sylwester Szafarz, consul general of Poland in Shanghai. "We also welcome Chinese companies to invest in electronic, textiles and high-tech sectors."

Last year, Shanghai exports to Poland soared 96 percent year-on-year to hit US$163 million, according to the commission.

Poland sold US$43.6 million worth of goods to the city, surging 171 percent from a year ago.

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