Learn about changes for UK exporters to Czech Republic if the UK leaves the EU without a deal. Find out how UK companies can control risks when doing business in Czech Republic. 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). Gross domestic income per capita is currently around USD 27,191 – one of the highest in Central and Eastern Europe (CEE). Contact a Department for International Trade (DIT) Czech Republic export adviser for a free consultation if you’re interested in exporting to the Czech Republic. Contact UK Export Finance (UKEF) about trade finance and insurance cover for UK companies. You can also check the current UKEF cover position for the Czech Republic. More than 300 British companies are present in the market. They range from large investors to smaller companies established by British entrepreneurs.

Companies such as Rolls Royce, BAE Systems, Marks and Spencer and Allen and Overy run their central and eastern European operations from Prague. Read the EU’s practical guide to doing business in Europe. As a member of the EU there are no major constraints on import and export. GDP grew by 4.2% in the first half of 2015, making the Czech Republic one of the fastest growing economies in Europe. Growth has been driven by a recovery in household consumption and fixed investment and supported by strong export performance. The Czech Republic is a member of the European Union (EU) and the World Trade Organization (WTO). Goods manufactured in the UK are exempt from import duties. Contact the SOLVIT team if you have market access issues relating to the operation of the Single Market. The Czech Republic is part of the ‘emerging Europe’ area in central and eastern Europe (CEE). The region offers considerable potential for British businesses.

UK exports to the region are worth over £16 billion, with goods exports doubling over the past decade, and services exports – over £4 billion – trebling. The Czech Republic can be a gateway to the 100 million consumers in these markets. The EU has allocated EUR 23 billion to the Czech Republic through the structural and cohesion fund programme. This will help maintain the Czech Republic as a market offering growth, stability and good prospects for UK business. UK goods exports to the Czech Republic reached £2.1 billion in 2014, making the Czech Republic the UK’s 27th largest export market. The UK is the 12th largest exporter to the Czech Republic with a share of 2.3% of the market. In some sectors, such as automotive, electronics and engineering, there has been a trend towards sourcing supply from or investing into the Czech Republic. DIT provides free international export sales leads from its worldwide network. Search for export opportunities. Access high value public procurement notices via Tenders Electronic Daily (TED).

TED contains all procurement notices above a certain threshold from the EU and European Economic Area (EEA). Read our publication ‘Emerging Europe – Central and Eastern Europe 2015/2016: The top 50 commercial opportunities’. The UK exports around £600 million advanced engineering products and services, If you adored this article therefore you would like to receive more info about tubes and hollow bars in the Czech Republic generously visit our own page. representing about 40% of total UK exports to the Czech Republic. Stable growth in automotive and aerospace production in the Czech Republic is expected to continue. The Czech government is currently working on a state energy strategy. It continues to support nuclear energy from the country’s 2 nuclear power plants at Temelin and Dukovany. The Czech Republic is almost fully dependent on imports of natural gas. A number of interconnections are planned as well as better integration of storage unit facilities into the transmission system. 30% of the EUR 23 billion the Czech Republic receives in EU structural funding for projects (2014 to 2020) will be allocated to infrastructure projects, mainly transport. The Czech Republic’s healthcare system is still very much in the public sector.