Business in the Czech Republic

The objectives of the subject “International Trade and Business in” the Czech Republic” are the following:

1. To analyze the Czech economy and Czech Foreign Trade
2. To know the business opportunities in the Czech Market
3. To analyze the trade relations of the Czech Republic with the country of the student
4. To know the Trade Agreements of the Czech Republic as a member of the EU
5. To develop a business plan for the Czech Market

The Subject “Foreign Trade and Business in the Czech Republic” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Masters adapted to Czech Students.

Languages: + República Checa Rep. Tcheque República Checa.

1. Credits of the Subject “Doing Business in the Czech Republic”: 1
2. Duration: one week

Transport Corridors related to the Czech Republic

1. Baltic-Adriatic Corridor (Poland, Slovenia)
2. Access to the:
   1. North Sea-Baltic Transport Corridor
   2. Pan-European Corridor II

Preferential Access and Trade Agreements of the Czech Republic

1. The Czech Republic and the European Economic Area
2. The EU
   1. European Single Market
   2. The EU Services Directive
   3. European Digital Single Market
   4. European Customs Union
   5. As a member of the EU, the Czech Republic is a beneficiary of the EU Trade Agreements with Lebanon, Ukraine, Moldova, Georgia etc. besides the Customs Union with Turkey
3. Central European Initiative
4. Regional Cooperation Council
5. Organization of the Black Sea Economic Cooperation (observer country)

1. WTO
   1. GATS
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. Convention Harmonization of Frontier Controls of Goods
3. CMR Convention
4. WCO
   1. Kyoto Convention
5. COTIF Convention
6. BIC (Containers)
7. Chicago Convention (ICAO)
8. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
9. Customs Convention on Containers
10. Hamburg Rules (Sea)
11. CIM & CIT Rules (Rail)
12. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
13. ICC
14. Organization for Cooperation between Railways (OSJD)

European Trade and Economic Organizations of the Czech Republic

1. The EU
2. OSCE
3. International Bank for Reconstruction and Development
4. UNECE
5. Group of States of the European Council Convention against Corruption

1. Asia-Europe Meeting
2. UN
3. WB
4. WTO
5. IMF
6. OECD
7. CPLP (observer country)

The Czech Republic (Europe).

1. Czech Population: 10.52 million people
2. Borders of the Czech Republic: Germany, Austria, Slovakia and Poland
3. Capital of the Czech Republic: Prague
4. Official Language: Czech
5. Czech Area: 78,867 km²
6. Government of the Czech Republic: Parliamentary representative democracy
7. In 1993, the former State of Czechoslovakia was divided into two new countries, the Czech Republic and Slovakia

Religion: Catholicism (Christianity).

The Czech Republic belongs to the Western-Christian Civilization (European Economic Area).

Czech Economy

1. The Czech Republic is a highly developed economy
2. Currency of the Czech Republic: Czech koruna
3. The Czech Republic has significant mineral resources: coal, mercury, iron and zinc
4. The main industries are machinery, metallurgy, chemical industry, automotive industry, glass and energy production
5. The Czech Republic ranks 31st in the competitiveness ranking of the World Economic Forum
6. The Czech Republic is a member of the EU since May 2004
7. The Czech Republic produces world class beer (Pilsner)

Czech Foreign Trade.

1. The Czech Republic is highly exporting Economy
2. Exports from the Czech Republic are mainly oriented towards the EU (86.3%). The Czech manufacturers export primarily to Germany (37%)
3. The Czech Republic exports 2.1% to other European transition economies
4. 71.4% of the Czech imports come from the countries of the EU
5. Most of the Czech imports come from Germany (32.6%)
6. The main trading partners are Germany, Slovakia, Russia, Italy, Austria and Poland

(c) EENI Global Business School (1995-2023)
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