Polish shipbuilder eyes PH investment
A Polish shipbuilding company has expressed interest in establishing operations in one of the country’s economic zones, as the Philippines and Poland seek to deepen trade and investment cooperation.
In a statement on Monday, the Philippine Economic Zone Authority (Peza) said it had signed a memorandum of understanding with JPP Marine, a Polish company engaged in shipbuilding and the operation and maintenance of vessels.
Under the agreement, Peza and JPP Marine will conduct a feasibility study to identify potential ecozone sites and explore partnerships with Peza-registered firms for localized shipbuilding projects.
Expertise
“This initiative supports the Philippines’ aspiration to strengthen its maritime capabilities and elevate shipbuilding as a globally competitive industry,” Peza said.
The memorandum was signed on Dec. 11 by Peza Director General Tereso Panga and Polish Investment and Trade Agency (PAIH) head Bartek Wasiewski.
On the same day, the two also signed a separate memorandum designating PAIH as Peza’s official investment promotion partner, aimed at expanding bilateral trade and investment flows between the Philippines and Poland.
Under the partnership, the two agencies aim to “create an enabling and synchronized environment that accelerates investment collaboration, facilitates project development, and promotes mutually beneficial economic growth,” Peza said.
Expansion
As Poland’s lead agency for international investment and business expansion, PAIH assists companies by connecting them with investors and partners, identifying suitable locations and navigating administrative and legal requirements.
Peza said the agreements build on its investment mission to Poland in June, which generated investment leads in sectors such as renewable energy, data centers and shipbuilding.
In 2024, Philippine exports to Poland reached $252.93 million, led by electronics, medical apparatus, machinery, rubber, aircraft and meat and seafood. Poland, meanwhile, exported $367.11 million worth of goods to the Philippines, including dairy products, chicken, mechanical equipment and paper.
