6th October 2015

Politics: AMSP survey:Czech companies unaware of TTIP


According to a survey conducted by the Association of Small and Medium-Sized Enterprises and Crafts of the Czech Republic and Ipsos Agency, 74% of respondents (exporters) had no idea what was Transatlantic Trade and Investment Partnership. The survey took place during the Czech Business Weekend in New York, an event attended by 50 medium-sized Czech companies. Only one-half of those who were informed about TTIP perceived it as an advantage.

Czech exports to the United States of America grew by 26% year-on-year and should exceed CZK 100bn in 2015, Komerční banka and the AMSP say. The USA ranks 5th in the volume of investment in the Czech Republic and the US imports in the Czech Republic rose by 38% year-on-year.

Also, 73% of respondents see the European Single Market in a positive light. Read more.

Click on a related statement by the Ministry of Industry and Trade. Czech small and medium-sized enterprises employ about two-thirds of people working in the private sector. In 2002-2010, 85% of new jobs in the country were created by SMEs. Currently, 14% of Czech SMEs export to the United States of America and the share should grow.

In 2015, exports to the United States of America will exceed CZK 100bn (this equals to 2.5% of the total volume of Czech exports, and at the same time, to a 6% share of value added, 2nd largest share after Germany).

Members of the American Chamber of Commerce in the Czech Republic