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The Czech Republic Business Partner in the EU

The Czech Republic Business Partner in the EU. Milan Vágner Head of Commercial Section Embassy of the Czech Republic Kuala Lumpur, October 25, 2007. Key Information. The Czech Republic is situated in Central Europe A rea : 78 864 square k m P opulation : 10.3 million Capital :

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The Czech Republic Business Partner in the EU

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  1. The Czech Republic Business Partner in the EU Milan Vágner Head of Commercial Section Embassy of the Czech Republic Kuala Lumpur, October 25, 2007

  2. Key Information The Czech Republicis situated in Central Europe Area: 78864 square km Population: 10.3 million Capital: Praha (Prague)

  3. EU Enlargement EUROPE: EU 15 + 10 after 1.5.2004 + 2 after 1.1.2007 Turkey-candidate Non-members

  4. Czech Republic – European Union member since 1 May 2004

  5. Czech Republic: EU Accession • As from 1st May, 2004: • Main effect – LARGEST FREE TRADE ZONE IN THE WORLD: • 485 mil population (incl. Bulgaria and Romania) • 27% of the world’s GDP • 19% of the world’s trade in goods, 25% of trade in services • Source of 46% of the world’s FDI and host to 21% • Free movement of GOODS, SERVICES, CAPITAL, PERSONS (Labour, Right of Settlement)

  6. Country Ratings – March 2007 Source: CreditSuisse

  7. Basic Macroeconomic Indicators Source: Czech Statistics Office

  8. Lates Economic Data Indicator period y-y in % GDP 2nd quarter 2007 6,0 Inflation rate August 2007 2,0 Industrial output July 2007 11,5 Imports July 2007 18,7 Exports July 2007 20,7 Unemployment rate July 2007 6,4 % of total labour force

  9. New tax reform • The most important changes for business community are concerning the corporate tax rate. • The rate will be reduced from 24% in 2007 to 19% in 2010.

  10. International Comparison 2006 , USD GDP(p.c.): Export(p.c.): European Union (25) 29,300 9,200 Czech Republic 22,000 9,200 Czech Republic export performance per capita (USD): (2002): 3,704; (2004): 6,495 (2005): 7,647 (2006 est.): 9,200 Source: Ministry of Industry and Trade CIA – The World Factbook

  11. The Czech Republic Partner for Business in the EU • Czech Republic: situated in the centre of Europe • Springboard to new EU markets, Eastern Europe • Internal EU market: no internal borders • one set of customs rules (same for all EU 25) • Very Good Infrastructure incl. R&D institutions • High standard of rules • Very open economy: • liberal rules • easy investment

  12. Czech Foreign Trade 2006 (USD mil.)

  13. Czech Exports – Principal Areas Source: Czech Statistical Office, Ministry of Industry and Trade

  14. Bilateral Trade with Malaysia(1) Legal framework for cooperation: - Agreement on Aerial Transport (1973) - Agreement on Mutual Abolishing of Visa Duty (1991) - Agreement on Protection and Support of Investments (1996) - Agreement on Avoidance of Double Taxation (1998)

  15. Bilateral Trade with Malaysia(2)1993 – 2006 (thous. USD)

  16. Bilateral Trade with Malaysia(3) Value of bilateral foreign trade (mil. USD):

  17. Bilateral Trade with Malaysia(4)Commodity Structure Exports from the Czech Republic • 56.1 mil USD in 2006 • electrical machinery and equipment (11%), furniture and parts (11%), paper and paperboard (10%), power-generating machinery and equipment (10%), manufactured goods, chemicals Imports to the Czech Republic • 638.7mil USD in 2006 • electrical machinery and appliances (43%), office machines and parts (15%), telecom.equipment (13%), crude rubber (8%), textile, plastic, furniture

  18. Czech Engineering Traditional products Power generation equipment Trains Aircraft Cement Plants Automobiles Trucks

  19. Czech Republic –MalaysiaOpportunities for Cooperation (1) Perspective areas: • Power Generation Equipment and Technologies (coal,co-generation, hydro, renewable resources, nuclear) • Transport Equipment and Systems (construction and rehabilitation of railways, pipelines) • Environment Protection Technologies, Equipment (water treatment, waste management) • Biotechnologies and Nanotechnologies • Mining Industry (new technologies, safety equipment)

  20. Czech Republic – Malaysia Opportunities for Cooperation (2) • Chemical and Petrochemical Industry • Aircraft and Automobile Industry (deliveries of micro-light aircraft, small passenger aircraft L-410, auto parts, etc.) • Medical Equipment, Pharmaceuticals • Cooperation in ICT • Bohemia Crystal and glass products

  21. Czech Republic –MalaysiaPartners on Third Markets • Czech Exports • Power generation (thermal and hydro) • Environment protection technologies • Transport systems and equipment • Medical equipment, Biotechnology, etc. • Czech Imports (incl. EU, Central and Eastern Europe) • Electrical appliances and parts • Telecommunication equipment • Furniture, textile

  22. Foreign Direct Investment Priority Sectors for the Year 2007 Traditional sectors of Czech Industry with growth potential • Electronics • Precision Engineering and Automobile Industry • Chemicals and Plastics High-tech manufacturing • Microelectronics and Semiconductors • Biotechnology and Pharmaceutics • Optoelectronics High-tech services • Information and Communication Technologies, Software Development • Strategic Services - Shared Service Centres, Expert and Solution • Provider Centres • High-Tech Repair Centres

  23. Foreign Direct Investment (2) Investment Incentives Scheme • Manufacturing investors meeting the criteria may currently apply for all or any of the following incentives: • Corporate income tax relief (full or partial) for a period of up to ten years, • Training and retraining subsidies, • Job creation grants, • Transfer of state-owned land.

  24. InformationSources (1) • Portal: www.gate2biotech.com • Czech Biotech Report 2007: www.gate2biotech.com/czech-biotech-report-2/ - information about biotechnology sector in the Czech Republic and in the Central Europe. Visitors will find a complete database of Czech biotechnology companies, innovations in the field, demand and offer of cooperation or employment positions in the sector, an overview of projects currently under way etc.

  25. Information Sources (2) • Embassy of the Czech Republic 32, Jalan Mesra, Off Jamal Damal Kuala Lumpur, 55000 tel. +603-21427185 Fax +603 –21412727 Mr. Milan Vagner Head of Commercial Section HP 012-3030170 http://www.mzv.cz/kualalumpur e-mail: milan_vagner@mzv.cz commerce_kualalumpur@mzv.cz

  26. Information Sources (3) • CzechTrade – Czech Trade Promotion Agency Dittrichova 21, 128 01 Praha 2 P.O.Box 76, 128 01 Praha 2 Czech Republic tel. +420-224 907 500 fax +420-224 907 503 http://www.czechtrade.cz e-mail: info@czechtrade.cz • CzechInvest – Czech Investment and Business Development Agency Stepanska 15, Praha 2 Czech Republic tel. +420-296 342 500 fax +420-296 342 502 http://www.czechinvest.org e-mail: info@czechinvest.org

  27. Information Sources (4) Governmental Institutions and Agencies Ministry of Industry and Trade www.mpo.cz Ministry of Foreign Affaires www.mzv.cz Economic Chamber of CR www.komora.cz Confederation of Industry of CR www.spcr.cz (Members, Branch Associations) Official Website of Czech Republic www.czech.cz Economics and Statistics Czech National Bank www.cnb.cz Czech Statistical Office www.czso.cz Prague Stock Exchange www.pse.cz Czech Business Web www.businessinfo.cz www.doingbusiness.cz www.export.cz Database of Czech Products www.supplier.cz

  28. Hope to see you soon in the Czech Republic the castle and the gardens of Kroměříž Český Krumlov Holašovice Prague Kutná Hora Tugendhat villa in Brno Zelená Hora Church of St. John Nepomuk the Holy Trinity Column of Honour in Olomouc Telč Litomyšl The Lednice-Valtice area Třebíč

  29. Thank you for your attention www.mzv.cz/kualalumpur

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