INTERNATIONAL TRADE
TRAINING
& EVENTS INTERNATIONAL TRADE COURSES
JULY SPOTLIGHT ON: THE CZECH REPUBLIC
Authorised Economic Operator (AEO) – Impact on exporters and importers Date: Time:
10 July 9.30am-4.30pm Location: Nottingham
Export documentation Date: Time:
18 July 9.30am-4.30pm Location: Nottingham
Import procedures Date: Time:
18 July 9.30am-4.30pm Location: Leicester
Incoterms® 2010 Date: Time:
19 July 9.15am-12.30pm
Location: Chesterfield SEPTEMBER
Import procedures Date: Time:
12 September 9.30am-4.30pm Location: Chesterfield
Transport of lithium batteries by road and sea Date: Time:
25 September 9am-5pm
Location: Chesterfield
The Czech Republic is one of the most stable and prosperous markets in central Europe. The private sector accounts for about 80% of Gross Domestic Product (GDP) and more than 300 British companies of all sizes are already taking advantage of this growing market. Its position gives good access to
fellow Central and Eastern European (CEE) markets and also to Russia. Reachable in less than two hours by flight from the UK, the Czech Republic is a prime base in which to do business in Europe. With a business culture similar to the UK, and English being widely spoken, this market presents itself as an easy win for East Midlands businesses. The region offers considerable
potential, particularly in sectors such as advanced manufacturing, healthcare and energy. UK exports to the region are worth over £16bn, with goods exports doubling over the past decade, and services exports – over £4bn – trebling. UK products are considered to be of high quality, and the Czech Republic can be a gateway to the 100 million consumers in the CEE markets. The UK exports around £600m
advanced engineering products and services, representing about 40% of total UK exports to the Czech Republic. The stable growth in the automotive and aerospace
34 business network July/August 2018 The country’s second largest city Brno is enjoying a period of growth
‘The Czech Republic can be a gateway to the 100 million consumers in the CEE markets’
production here is expected to continue, which opens up multiple opportunities including spare parts and components, advanced materials and garage equipment. Transport is also a high priority
for the Czech government. The country is to receive 23bn Euros in EU structural funding by 2020, the majority of which will be allocated to transport and infrastructure projects. There will be vast upgrades to the rail network including electrification, signalling and foundations for future high speed rail links, and also a new metro line. There are also plans to modernise the motorways, particularly between the key business hubs of Prague and Brno. This huge investment means that
key infrastructure products and services will be required to bring these ambitious plans into fruition and opportunities for UK businesses in sectors such as construction supply chain, flood protection, waste management, transport and urban regeneration will emerge. Prague is among the top ten retail
destinations in Europe and a number one destination for high- street and luxury brands in the CEE region. The Czech Republic is ranked the 11th most attractive country for retailers in Europe and the 17th most attractive worldwide, which again provides excellent openings for both
large brands and smaller retailers alike, particularly in areas such as fashion and ecommerce.
Prague is among the top ten retail destinations in Europe
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