By Bartlomiej Kaminski
This learn examines the position of overseas Direct funding (FDI) and alternate regulations in regards to Poland's accession to the ecu. It additionally discusses advancements in international exchange, industry entry for Polish items, and international alternate associations and regulations. It outlines the premises of a technique that might help Poland in its target for accession. This book is a Technical Paper subsidized by way of the Poverty aid and monetary administration community of the realm Bank's Europe and vital Asia department. it truly is a part of a entire sequence in regards to the many very important elements that impression eu Union (EU) accession within the relevant and East eu international locations (CEEC). the themes within the sequence disguise either the social and fiscal elements of accession throughout a huge diversity of sectors. The sequence additionally offers history details for particular acceding international locations. those guides can be of curiosity to european member and candidate nations, their ministries, and anyone learning the accession factor.
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Extra resources for The Role of Foreign Direct Investment and Trade Policies in Poland's Accession to the European Union (World Bank Technical Paper)
Foreign Trade Regime: Growing Complexity and Creeping Interventionism Dismantling of the state monopoly over foreign trade began well before the collapse of central planning. Yet 1990 was a turning point on three important counts. With the introduction of the 1990 stabilization-cum-transformation program exchange rates were unified, access to foreign trade activity fully liberalized on both import and export side, and tariffs applied uniformly to all imports. Tariffs became the major factor shaping access to Poland's markets.
OPT seems to have been largely triggered by the provisions of the EA concerning tariffs and restrictive rules of origin. The EU tariffs on reimports of OPT textiles were abolished the day that the interim agreement went into force. However, EU custom duties on ordinary textile imports were covered by the MFA. Hence, they were subject to both tariffs and quotas. Since none of these barriers applied to OPTespecially textiles subject to the trade restrictive MFAmany EU companies transferred production to Poland.
With privatization of many sectors still unfinished, Poland's capacity to absorb FDI is probably Page 15 four times larger than its value in 1995. The projections of FDI in 1996 put its value at $5 billion. With accession one would expect at least doubling of FDI, as it occurred in Spain but under a less friendly global environment for FDI in the 1980s. 19 The task now, however, is to assure a continued expansion of these flows. Improving the environment for private business activity, both foreign and domestic, is a necessary condition to achieve this goal.