Illustrative photo – In July 2020, Radek Jakubský was elected one of the vice-presidents of the HK CR for a three-year term.
Prague – The government should release more money to strengthen Czech exports, support increasing the diversity of exports and develop economic diplomacy. Radek Jakubský, vice president of the Chamber of Commerce (HK), said this at a meeting with journalists. At the same time, he expects that the elected president Petr Pavel will defend the interests of Czech businessmen and advocate for the improvement of relations with Czech business partners. HK representatives would like to meet Pavle in the near future and share their ideas with him, Jakubský said.
“Exporters would like the state to channel at least the same amount of funding into export support as before covid and to improve its coordination. Export generates significant tax revenue for the state, and export support also has a significant multiplier effect,” said Jakubský.
According to Jakubský, the government should also focus on diversifying exports, i.e. increasing its diversity. He stated that 85 percent of Czech products go to EU countries, and exports to African, Asian or Latin American countries are low. According to him, the export of investment projects should also be supported, such as the construction of hospitals, residential complexes, roads or airports. , because a number of Czech subcontractors are involved. This qualitatively strengthens the export itself and opens up export opportunities for a wider group of Czech companies,” said Jakubský. According to him, the export of investment projects should also be supported by Czech banks or the Export Guarantee and Insurance Company.
Jakubský also stated that Czech constitutional officials should travel abroad with businessmen more often than before. The survey among HK members showed that they would like to organize a business mission to, for example, Ukraine, Serbia or Mexico. According to Jakubský, supporting economic diplomacy is also the task of the elected President Pavel. He should also go with businessmen to countries with which we do not have such strong trade relations, such as countries in the Middle East, Africa or Asia, he said.
“Businessmen expect the president to support the interests of Czech businessmen and help them in strengthening their presence on existing markets and penetrating new ones,” said Jakubský.
The Ministry of Industry and Trade (MPO) has previously stated that it plans to create a new export strategy by the middle of this year. It should focus on increasing the added value and quality of Czech exports. The MPO also stated that it also wants to increase the number of companies that settle in foreign markets in the long term.