The Czech cabinet on July 25 approved the 2023-2033 export strategy in an effort to strengthen Czech companies’ position in supply chains and diversify non-EU markets.

“The value of the Czech Republic’s exports reaches more than 70% of our gross domestic product, and we are one of the most open economies in the world. It is therefore clear that the support of our exporters is key to the sustainability and growth of our economy,” said Josef Síkela, Minister of Industry and Trade, at a press briefing on the same day.

Under the strategy, the Czech Republic will continue to focus on innovative companies that supply competitive products abroad, and carry out trade missions abroad, including engaging in trade fairs.  

The Czech Chamber of Commerce immediately welcomed the approval of the new export strategy.

“We support the government’s intention to create conditions for exporters that would help diversify exports to non-EU countries, making it easier for companies to operate permanently in foreign markets and strengthen their competitiveness through the support of exports based on sophisticated products and innovations,” said Zdenek Zajicek, president of the Czech Chamber of Commerce.

In economic diplomacy, according to him, the Czech Republic should focus on the USA, the Republic of Korea, Israel, Vietnam, African countries and Georgia.

At the Czech-Vietnamese Business Forum held in mid-June, Czech Deputy Minister of Industry and Trade Edvard Kozusnik affirmed that Vietnam is one of the Czech Republic’s most important partners in Asia.

Also at this forum, President of the Czech Chamber of Commerce Zdenek Zajicek announced that he would organize a delegation of Czech businesses to visit Vietnam in September.

Source: VOV