India and Poland agreed to double bilateral trade by 2030 after talks between Prime Ministers Narendra Modi and Donald Tusk on October 22.
Tusk said Poland can serve as a gateway for Indian firms expanding in Central and Eastern Europe.
The leaders urged prompt signing of the EU-India free trade agreement, signing of which is scheduled for December 16.
They agreed to cooperate on AI, semiconductors, quantum technologies and critical minerals.
The agreements signed were not listed in the reports.
The leaders urged the prompt signing, ratification and timely implementation of the EU-India Free Trade Agreement to open new commercial and investment opportunities and new markets.
The Tribune says the current trade is not stated in its report, while earlier reports put bilateral trade at about 6 billion dollars and Poland’s aim at 10 billion dollars.
Modi invited Polish enterprises to expand investments and operations in India, according to the joint statement as reported.
Tusk expressed appreciation for Indian investments in Poland and said Poland can serve as a gateway for Indian firms expanding in Central and Eastern Europe and the wider European market.
An India-Poland Business Forum was held during the visit, and the leaders urged partnerships in industrial machinery, defence, infrastructure, pharmaceuticals, mining and critical minerals, energy, information technology and other sectors.
Both sides agreed to resume the activities of the bilateral agriculture working group.
They agreed to collaborative research on artificial intelligence, semiconductors and quantum technologies, and to strengthen start-up partnerships.
The leaders also highlighted supply chain resilience, support for small and medium enterprises and digital transformation.
Space cooperation was identified as a key part of the Strategic Partnership, and both sides welcomed efforts to find concrete areas of cooperation.
Opportunities were identified in battery recycling and rare earth refining, and a memorandum of understanding on geology, mining and critical minerals is under negotiation.
Secretariat Building, New Delhi (file image), Wikimedia Commons, CC BY-SA 4.0
