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Brazil and Poland: A Perfect Match – and example – for a Boost in Economic Growth

By April 2, 2019 No Comments

 

Last March 28, the Brazilian Foreign Affairs Minister met with the Polish president’s Chief of Staff – this is already the third encounter between Brazilian and Polish authorities this year alone. 

On February 2, 2019, the Polish Foreign Affairs Minister, Jacek Czaputowics, visited Brazil for the presidential inauguration and was received by Minister Ernesto Araújo. The two met again when the Brazilian authority visited Poland on 14 February to attend the “Warsaw Conference to Promote a Future of Peace and Security in the Middle East.” 

Brazil imported US$ 514 million worth of products from Poland and exported US$ 1,08 billion, which makes Brazil one of Poland’s most significant economic partners in Latin America. 

Diego Ures, a Polish citizen and partner at Sidera considers, “this is an optimal time for the increased development of commercial relations between Brazil and Poland, given the substantial economic synergies”.  

Brazil welcomes Poland’s technological developments, especially ones that are focused on intelligent agriculture. Furthermore, we see with great delight that the country, which already is the 24th largest economy in the world, has become a strategic commercial partner for Brazil.  

After decades of a very intense and challenging history, hyperinflation is a long-overcome nightmare and economic gains have led to an historically low unemployment rate for Poland. So much so that the country has been “importing” its workforce from neighboring countries. Polish services already account for more than 60% of its economy, especially those involving technology clusters, education, and research, which also boosts its industry, strengthens innovation and technology absorption and creates synergies with incremental capital inflows. That is why Poland has received an impressive sum of US$ 14 bi in direct investment in 2018 alone, and these values will keep growing.  

We at Sidera praise the Brazilian-Polish ties and cherish the efforts of our Polish clients in accessing the Brazilian market through direct investments. 

 

 

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