Free Trade Agreement With Poland

28. The current measures are available under Poland`s new legislation on the protection of Poland`s customs territory from excessive imports and imports at dumping prices, which came into force in early 1998, in accordance with WTO principles and other international agreements signed by Poland. The relevant procedures are implemented by the Minister of the Economy on the documented complaint filed by domestic producers representing at least 25% of the national production of a given product. The minister could, on his own, conduct a procedure that he does little in practice. In 1991, the trade liberalization strategy needed to be revised to support the budget and balance of payments. The former had been weakened by the sharper-than-expected decline in output recorded and by the consequent decline in the main traditional support of the revenue base, namely taxes on state-owned enterprises. At the same time, transfers have increased rapidly due to the introduction of the social safety net. Unlike other countries that had not yet introduced large-scale domestic taxes, Poland used tax increases by taxing foreign trade. External balances had been weakened as a result of the collapse of trade in the former Mutual Economic Assistance Council (CMEA). Initially, from 1 January 1991, the exchanges took place at world market prices and took place in hard currencies.

The price shock led to a deterioration in the terms of inter-regional trade in Poland of about 30% in 1991, with the price of critical oil imports from the Baltics, Russia and other countries of the former Soviet Union increasing by 118%. Secondly, the decline in trade subsequently increased, as the Polish partners of the CAEM have implemented parallel reform efforts. Although Poland was fortunate to have been the CAEM country with the lowest concentration of trade with the former CAEM – which accounted for about one third of its total trade in 1989 – trade with THE CAEM countries (convertible and transferable exports of rubles plus imports) fell rapidly and accounted for less than 10% of total trade in 1994 Russia accounting for more than half of the rest. During discussions with the Polish trade delegation, it was understood that you would be willing to consider the delivery of 10,000 tonnes of barley to India. I would like to make it known that the Indian government is prepared to buy the amount of barley in question from the government account, as long as prices, samples and specifications are indicated in terms of grades, delivery conditions, etc.