Minister of Industry and Trade Mládek sees the greatest growth potential for SMEs in exports
29. 4. 2016 | Source: Ministry of Industry and Trade of The Czech Republic
Minister of Industry and Trade Jan Mládek summed up the positive export promotion measures of the present government and stressed the importance of the SMEs at the today ´s conference in support of Czech exports, the Trade Forum 2016, which took place in the building of the Czech National Bank.
"I believe that their importance will grow, at that is why the current export promotion activities of the Ministry of Industry and Trade are aimed primarily at the SMEs” said Minister Jan Mládek in the at the conference opening. He also emphasized that the MIT would support projects and activities abroad demanded based on the preferences of Czech exporters, including the proven practice of business trips of the Minister and other government and public officials accompanied by the Czech entrepreneur missions.
Last year, exports reached even the highest volume in history — 3.4 trillion of CZK and the year on year increase was 6.4%. This trend has been continuing also this year; exports in February increased by 4.5% and the trade balance showed a surplus of CZK 22 billion.
The current government therefore considers the support for Czech exporters as one of its top priorities. Over the past two years, we have managed to carry out a number of missions abroad by the constitutional officials that were accompanied large business delegations. The government has to take every advantage and use all the opportunities it has to reduce risks, which could adversely affect the future development.
"Weaknesses that must be taken into account by exporters include a low national value added of exports, dependence on the EU market and a lack of the professional workforce” said the Minister of Industry and Trade Jan Mládek. One of the ways to strengthen the competitiveness of Czech companies on third country markets is the FTA. "We continue to actively participate in the negotiation processes of various individual agreements and promote the business interests in the working bodies of the EU” said Minister Mládek especially in connection with the forthcoming TTIP agreement.
Current data confirm the competitiveness of Czech companies on the demanding European and global markets, which is supported by a favourable exchange rate and oil prices in addition to the government export active policy and economic diplomacy.
Discussions with exporters showed that the majority of our export companies positively appreciated the steps of foreign exchange intervention to keep the exchange rate of the Czech crown and helped to overcome the economic recession, the longest in the history of the country. For the Czech export, the long—term stability and fixation of the Czech currency is crucial as it eliminates the need to solve the exchange rate fluctuations.