IMPACT OF POLAND ACCESSION TO THE EURO ZONE ON THE TRADE POLICY WITH THE EUROPEAN UNION COUNTRIES AND WITH THIRD COUNTRY

Abstract

The accession of Poland to the Euro Zone is a crucial condition for  the country’s functioning in the European Union. Poland has not stated the date of the accession to the Euro Zone yet. The feasible date of the acceptance of the Euro by Poland is the end of the present decade. The accession of Poland to the Euro Zone should contribute to the significant increase of Polish trade and, in consequence, in accordance with the conventional trade theory – increase the level of specialization, production and prosperity. The elimination of the currency risk and transaction costs in relation to the Euro will cause significant growth of trade exchange within the common market.