5th May 2013

Czech PM: export subsidies as the core of governmental economic policy

On 2 May, the Prime Minister Petr Nečas has announced that the incentives for Czech exporters are of the highest priority of the Czech Government. The PM met representatives of Czech industry involved in export. After the meeting, the PM announced that the complete concord among him and the representatives was reached upon the measures that should be adopted to enhance the Czech competitiveness and foreign trade. Three pillars of the Czech competitiveness are: infrastructure construction, public administration efficiency, and innovation and development. According to the Government, the constant effort has been made to fulfill the Governmental program in all the three areas. The PM also stressed the importance of foreign trade activities outside of the EU. The representatives of the Czech industry stated the importance of the Czech diplomacy for new emerging markets.

For further information, click here (press release).

In connection with that, the Government is steadily implementing the Foreign Trade Strategy. The Strategy also stipulates the “economic diplomacy”. Till the end of 2013, the amount of foreign office of the Ministry of Trade and Industry (the former CzechTrade and CzechInvest) should increase to 70 from the current 48 offices all over the world.

For further information regarding the Foreign Trade Strategy, click here.

Members of the American Chamber of Commerce in the Czech Republic