Doing Business in the Czech Republic
The Czech Republic’s central European location provides UK exporters with easy access to Germany, Central and Eastern Europe and Russia.
The top exports from the UK were electrical goods, telecoms and sound equipment, and medicinal and pharmaceutical products . In terms of services, opportunities for UK exporters are also available in the financial and professional services, energy and automotive sectors (ONS, 2019).
The Czech Republic is the UK’s 27th largest trading partner (ONS, 2019). In the year to June 2019, the total trade in goods and services between the UK and the Czech Republic was £9.9 billion. In the year up to June 2019, the total UK exports to the Czech Republic amounted to £3.1 billion (ONS, 2019)
The Czech economy has expanded consistently in recent years, with low inflation and unemployment figures.
Some key market sectors for UK businesses looking to trade with the Czech Republic are:
- Electrical equipment
- Telecoms
- Toys games, sports requisites
- Machinery, Nuclear reactors ,boilers
- Pharmaceutical products
What we do
- ITSG provide a “country desk” supplying practical on the ground support to regional businesses. We act as a direct link with overseas Embassies/Chambers of Commerce. This eliminates the need for extensive travel whilst providing the service that businesses require.
- ITSG is strategically located to service businesses in North Wales and North West England
- We have serviced Office space on Wrexham Industrial Estate.
- ITSG operates on a country specific basis, focussing on markets that we know and have experience in. We do not offer an international “scatter gun approach”
- We have extensive knowledge of local businesses
- We have access to all sizes of business with multi sector experience and contacts
- All of our specialists have worked within the public and private sector. We co-operate with Welsh Govt, DIT and other government agencies.
Contact: Keith@itsgworld.com (07707 471545) Clive@itsgworld.com (07871 169572)