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FOR IMMEDIATE RELEASE
August 27, 2003
  Contact: Ginny Ward
(202) 482-1311

BUSH ADMINISTRATION OFFICIAL TO LEAD TRADE MISSION TO EAST EUROPE
U.S. Aerospace Companies to Seek Trade Partners in Poland, Romania and Czech Republic

U.S. Commerce Deputy Assistant Secretary Joe Bogosian will lead a delegation of U.S. aerospace companies on a business development mission to Poland, Romania and the Czech Republic November 3-7, 2003. The mission will help U.S. civil and military aerospace manufacturing, supply and service firms explore or expand their presence in these Eastern European markets. The mission will focus on aircraft products and services, and will also be open to firms offering solutions to airport infrastructure needs, such as airport security.

"The current business climate and aerospace needs in Eastern Europe offer many opportunities for U.S. companies," said Bogosian. "It's trade missions like this one that not only help U.S. companies succeed, but also add to overall global prosperity."

The delegation will visit Warsaw, Bucharest and Prague to gain first-hand market information and meet with key government officials and potential business partners. In all three countries, the delegation will be introduced to potential business partners through mission events and tailored business-to-business meetings.

These Eastern European markets are experiencing rapid growth, an increasing level of disposable income, and the improved competitiveness of their companies as they adapt to a market environment. Imminent membership in the EU and NATO has also already brought opportunities for U.S. companies in terms of upgrades and adjustments.

Warsaw, Bucharest and Prague are also experiencing a decrease in inflation, fully convertible currency exchange rates and the liberalization of capital flow in these countries.

For further information on participation in the November 3-7, 2003 trade mission, please contact Karen Dubin at (202) 482-3786, fax: (202) 482-3113, or e-mail: Karen_Dubin@ita.doc.gov. The deadline to submit applications is October 1, 2003.

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