UK exports of goods to the Czech Republic were worth £1.5bn in 2008, making the Czech Republic the UK´s 31st largest export market. Two way trade is worth some £5 billion. The Czech Republic has been very successful at attracting foreign direct investment, running at twice per capita of any other country in the region.  The UK has contributed 4% of this investment. The Czech Republic is one of the most stable and prosperous of the post-communist states with a fully functioning market economy.

What are the opportunities?
UK Trade & Investment has identified a number of sectors with potential for UK businesses, including:

Advanced Engineering - potential for manufacturing cooperation; niche export opportunities in the automotive and aerospace sectors;

Biotechnology - a priority growth area for the Czech government;

Consumer Goods - increasing demand for clothing and fashion, furnishing textiles, accessories and toiletries;

Design/Creative and Media (film) - UK businesses can capitalise on the UK's international reputation;

Education & Training - demand is increasing as companies invest in human resources; availability of EU funds for projects; schools invest in ICT;

Food & Drink - Czechs' tastes are widening, high number of international visitors to the country;

Healthcare - healthcare management services, medical devices and lifestyle products;

Science & Innovation - multi-sectorial, eg nanotechnology; growing network; opportunities to showcase UK excellence;

Technical Textiles - an expanding sector;