The visit of Czech Prime Minister Petr Fiala to six Asian countries demonstrates the government’s commitment to deepening economic cooperation with the region. Fiala’s focus on economic cooperation highlights the strategic importance of the Indo-Pacific and Central Asian regions for the Czech Republic, as well as the enormous economic potential of the fastest-growing region in the world. The Prime Minister is accompanied by representatives of around 30 Czech companies, indicating the government’s intention to boost trade and investment opportunities for Czech businesses in these countries.

In the Philippines, Fiala sees opportunities for Czech firms in the aviation, defence, and food sectors. The Philippines is a country with a growing economy and a young population, which makes it an attractive market for Czech firms to invest in. In Indonesia, the Prime Minister wants to support Czech companies in digitization and take advantage of potential opportunities in the planned construction of a new capital city. In Singapore, Fiala aims to negotiate with local firms about investments in the Czech Republic and more cooperation in science and research. Singapore is known for its advanced technology and innovation, making it an ideal partner for Czech firms in these fields. In Vietnam, Fiala believes there are opportunities in the car and defence industries. Vietnam is another country with a fast-growing economy, and Czech firms could benefit from expanding their presence there. In the Central Asian countries, Fiala will discuss deliveries of Czech trains and trams, while in Kazakhstan, oil deliveries will also be on the agenda.

Fiala’s emphasis on state support for Czech export companies highlights the importance of government support for businesses looking to expand internationally. This support is especially crucial in the Asian region, where Czech firms may face unique challenges in terms of culture, regulations, and competition. The Czech government’s efforts to boost economic cooperation with Asian countries could also help counterbalance China’s growing economic influence in the region.

In conclusion, the Czech Prime Minister’s visit to six Asian countries underscores the government’s commitment to deepening economic cooperation with the region. By identifying opportunities for Czech firms in various sectors, Fiala aims to strengthen the trade and investment ties between the Czech Republic and these countries. This visit highlights the importance of government support for businesses looking to expand internationally and recognizes the strategic and economic potential of the Indo-Pacific and Central Asian regions for the Czech Republic.

Article by Prague Forum