Trade Policy and Regulations in the Czech Republic

Overview by Globlatrade.net:

Foreign Trade in Figures

The Czech Republic's economy is very open to foreign investment.  Trade represented more than 145% of the GDP during the 2007-2008 period.  Its membership to the European Union allowed the Czech Republic to enter into the common market and to consolidate its position as a low-cost production base. 80% of the country's trade is now conducted with the OECD countries (of which 80% is with EU countries).  A certain number of agreements made it easier to trade with neighboring countries (CEFTA).  The country has recorded a structural positive trade balance since it became a member of the European Union, a trend that should continue.

 

 
Foreign Trade Indicators 20062007200820092010
Imports of Goods (million USD) 93,191118,169142,038105,048126,185
Exports of Goods (million USD) 94,929122,498146,799112,956132,971
Imports of Services (million USD) 11,82814,29417,75418,73124,020
Exports of Services (million USD) 13,86516,79921,69420,21122,298
Imports of Goods and Services (Annual % Change) 14145-10-
Exports of Goods and Services (Annual % Change) 16156-10-
Trade Balance (million USD) 2,8435,9136,3349,518-
Current Account (million USD) -3,559-5,754-1,247-2,147-
Foreign Trade (in % of GDP) 149155150133-
Imports of Goods and Services (in % of GDP) 73757364-
Exports of Goods and Services (in % of GDP) 76807770-

Source: WTO - World Trade Organization ; World Bank

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Main Partner Countries

Main Customers
(% of Exports)
2009
Germany 32.3%
Slovakia 9.0%
Poland 5.8%
France 5.6%
United Kingdom 4.9%
Other partnersClose extended list 42.3%
Main Suppliers
(% of Imports)
2009
Germany 26.7%
China 10.1%
Poland 6.4%
Slovakia 5.4%
Russia 5.1%
Other partnersClose extended list 46.3%

Source: Comtrade

Main Products

Main Exports
(% of Exports)
2009
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 9.4%
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 6.6%
Automatic data processing machines and units...Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s. 5.7%
Television receivers, whether or not incorporating...Television receivers, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus; video monitors and video projectors 2.3%
Electrical energyElectrical energy 1.6%
Other productsClose extended list 74.4%
Main Imports
(% of Imports)
2009
Parts and accessories for tractors, motor vehicles...Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705, n.e.s. 4.6%
Automatic data processing machines and units...Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, n.e.s. 3.7%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals, crude 3.1%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 3.0%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 2.9%
Other productsClose extended list 82.7%

Source: Comtrade

 

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Commercial Policy

Main International Economic Cooperation
Member of World Trade Organisation
European Union
Central European Free Trade Agreement (CEFTA)
International Trade Center (ITC)

 

 

Czech Republic is also a signatory to multilateral and bilateral agreements with many countries. Click here to find more information.

Assessment of Commercial Policy
Country's commercial policy
Barriers to exchanges
Average Customs Duty (Excluding Agricultural Products)
Exchanges within the European Union are free and not charged.
Since its accession to the European Union on May, 1st of 2004, the Czech Republic has adopted the EU Common External Tariff. The duties for non-European countries are relatively low, especially for manufactured goods (3% on average for the general rate).

In order to get exhaustive regulations and custom tariffs regarding their products, refer to the TARIC code and its database, which includes all applicable customs duties and all customs trade policy measures for all the goods.

 
 
Useful Resources
Czech Custom Administration
National Organization of Intellectual Property
The body responsible for the protection of intellectual property is Ùrad Prùmyslového Vlastnictvi (Industrial Property Office). You can also consult the Copyright Law Department
 

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