We present “State of Play” – a new series of publications on Poland’s economic cooperation with countries outside the EU. Each publication will present the current state of economic relations with the selected country and assess the potential for their advancement, identifying specific industries, as well as possible institutional barriers.
The need to develop cooperation with other countries does not require extensive justifications. The war in Ukraine strongly affects not only security issues, but also the economy. The presence of a sanctioned Russia in global value chains will be limited even after the end of military operations. Countries that have so far had strong economic ties with it will have to redefine the directions of economic cooperation, whereas it is in the interest of countries such as Poland to participate in this process. By establishing valuable bilateral economic relations, we will not only ensure a more stable supply chain or give an additional boost to mutual investment, but also facilitate the transfer of ideas. It is the innovative ideas that will be the strongest driver of development in the coming decades, benefiting the areas where they are most abundant. International trade, as the greatest economists in history have shown, benefits both parties, regardless of their initial state of wealth. If in 1989, Poland had not started trading with Western Europe, it would have still been a very poor country, while today it is one of the 25 countries in the world with the largest and fastest-growing GDP.
The “State of Play” publications will be a two-part series. The first part will present Poland’s perspective, while the second part will present the perspective of the partner country through cooperation with friendly foreign think-tanks. This time we cooperated with the Center of Analysis of International Relations of Azerbaijan whose experts prepared the second part of this publication. We hope that it will be a valuable compendium of knowledge for Polish companies, as well as political decision-makers.