Czech Republic Partner for Business in the EU...• complete industrial plants: - Hydro power plant...

Czech Republic Partner for Business in the EU

Business ForumCzech Republic – Sri Lanka

Prague, 19 February 2010

M. Okrouhlý, Director for Asia and Pacific Ministry of Industry and Trade

© 2010 Ministry of Industry and Trade of the Czech Republic

http://crwflags.com/fotw/images/l/lk.gif

Czech Republic European Union member since 1.5.2004


Czech Republic midway of the European Union


Capital City:Praha (Prague)

Area:78,864 square km

Population:10.3 million people

Czech RepublicMAIN EFFECTS OF THE EU


EU: „Larger Playing Field“:500 mil. population

25 % world GDP 17 % world trade in goods,

26 % world trade in servicessource of 38 % host to 29 % world FDIfree market: goods, services, capital, labour

Czech Presidency to the Council of the European Union: 1st half of 2009


Czech Republic – Sri LankaTRADITIONS OF ECONOMIC RELATIONS


• Pre-WW2: Bata Shoe Company of Ceylon

• 1957: diplomatic relationsfirst Trade Agreement

• complete industrial plants:- Hydro power plant Uda Walawe- Sugar Plant Kantalai- Textile Mill Weyangoda- 7 Brick Plants (Anuradhapura, Yatiyana, Mullaitiva, Weuda….)

• Deliveries of: diesel generating sets, machine tools,building, road making machinery

EU/Czech Republic – Sri LankaLEGAL ENVIRONMENT


EU – Sri Lanka:Cooperation Agreement between the European Community and the Democratic Socialist Republic of Sri Lanka (1995)- covers trade, economic and investment cooperation & development

Czech Republic – Sri Lanka:Agreement on Avoidance of Double Taxation (1978)Agreement on Scientific and Technological Coop. (1972)Agreement on Promotion and Protection of Investment(under preparation)

European Union – Sri Lanka TRADE


mil. Euro

2006 2007 2008 2009(estimate)

Export EU to LK 1 076

1 885

- 809

1 025 1 038

Import EU from LK 2 083 2 161 2 029

Balance

860

- 1 058 - 1 123 - 1 169

Source: Eurostat

EU is Sri Lanka’s trading partner # 1

Czech Republic – Sri Lanka TRADE (Statistics)


2006 2007 2008 2009(preliminary data)

Czech exports to LK 5.5

15.1

- 9.6

4.6 11.9

Czech imports from LK 19.8 24.0 24.8

Balance

3.1

- 15.2 - 12.1 - 21.7

Source: Ministry of Industry and Trade of the Czech Republic

mil. Euro

Czech Republic – Sri LankaTRADE (Commodity Structure 2009)


Czech exports: 3 105 000 EUR

Synthetic rubber, general industrial machinery and equipment (gears and transmission shafts), telecommunications equipment, articles of plastics, textile and leather machinery, special yarn and textile fabrics, articles of paper and paper pulp, manufactures of metal (knives, blades, containers), plastic clothing accessories etc.

Sri Lankan exports: 24 838 000 EUR

Articles of apparel and clothing accessories, tea, rubber tyres, parachutes and rotochutes, fish, toys, bicycles, sports goods, nuts, footwear, pottery, cut flowers and foliage, food preparation etc.

Czech Republic – Sri LankaTRADE AND ECONOMIC COOPERATION PROMOTION INSTRUMENTS (1)


Insurance and financing with state support:

EGAP – Export Guarantee and Insurance Corporation• insurance of credits, investments, bank guarantees …

SL: insurable risk (category 6)

• insurance for Czech subsidiaries in LK: also possible

ČEB – Czech Export Bank

Commercial banks (on the basis of EGAP insurance)

Czech Republic – Sri Lanka TRADE AND ECONOMIC COOPERATION PROMOTION INSTRUMENTS (2)


Other promotion tools:

Czech official participations at International Fairs (MIT)Joint Participations on Specialized fairs & Exhibitions

(MIT, Czech Chamber of Commerce, CzechTrade – OPPI)

Business Incubator

Trade Missions abroad

Incoming Missions

Czech Republic – Sri LankaOPPORTUNITIES FOR COOPERATION


Perspective areas:Power generation equipment and technologiesWater treatment, water managementRoad making and building machinery Airport equipmentHospital equipmentComplete industrial plants Machine toolsDefence goodsTourism

…..

Czech Activities in Sri LankaDEVELOPMENT COOPERATION


CR participated in humanitarian assistance and development of destroyed parts of Sri Lanka after tsunami in December 2004

various projects, i.a. water treatment plants, health-care facilities

Cooperation with Water Resource Board on water management model in Badulla

Other projects under discussion

Czech Activities in Sri LankaBUSINESS DELEGATIONS


III 2006 - „Sri Lanka – Czech Enterprise“Czech Chamber of Commerce &Ceylon Chamber of Commerceunder the auspices of European Commission

VI/VII 2009 - business mission under the management of Czech Embassy (New Delhi)

Czech Official Representations


Embassy of the Czech Republic50-M, Niti Marg, Chanakyapuri New Delhi 110 021, Indiatel.: 009111/2611 0205 fax: 009111/2688 6221web: www.mzv.cz/newdelhi e-mail: [email protected]

Honorary Consulate of the Czech Republic in Sri LankaDelmon Holdings Building, Level 02, No. 15, Mile Post AvenueColombo e-mail: [email protected].: 009411/5555218 fax: 009411/2375852

Representation of CzechTrade


CzechTrade MumbaiMarcopia 5, 2nd Floor, G. Deshmukh Marg Mumbai

400 026 India

tel.: 009122 2351 6181fax: 009122 2351 7824e-mail: [email protected]: www.czechtradeoffices.com/en/india/

Sources of Information


Czech Business Web → www.businessinfo.cz

Official Site for the CR → www.czech.cz

Czech Statistical Office → www.czso.czCzech National Bank → www.cnb.czMinistry of Industry and Trade → www.mpo.cz

Ministry of Foreign Affairs → www.mzv.czCzech Embassy, New Delhi → www.mzv.cz/newdelhi

Doing Business in the CR → www.doingbusiness.cz

CzechTrade → www.czechtrade.cz

CzechInvest → www.czechinvest.cz


Thank you for your attention

M. OkrouhlýMinistry of Industry and Trade

Foreign Trade Division

Politických vězňů 20, Praha 1tel.: + (420) 224 852 139mail: [email protected]

www.mpo.cz

Czech Republic Partner for Business in the EU...• complete industrial plants: - Hydro power plant...

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