1. Territorial Workshop USA: Mutual Economic Relations
Prague, August 23, 2018

2. Bilateral Trade Overview

3. Bilateral Trade Overview – Commodities (2017)
Export
Import HS
Item
ths. USD
8411
Turbo-jets, turbo-propellers and other gas turbines
191 746
236 442
4011
New pneumatic tires, of rubber
169 454
8703
Motor cars and other motor vehicles principally designed for the trans
225 988
8708
Parts and accessories for tractors, motor vehicles for the transport o
154 673
8802
Powered aircraft "e.g. helicopters and aeroplanes"; spacecraft, incl.
223 390
8413
Pumps for liquids,w/n fitted with a measuring device; liquid elevators
154 653
3004
Medicaments of mxd/unmixed prods for therap/prophltc uses, in dosage
170 936
7304
Tubes, pipes and hollow profiles, seamless, or iron or steel
142 750
8471
Automatic data proces mach;optical reader,mach for transcribg data,etc
109 329
8536
Electrical apparatus for switching or protecting electrical circuits,
111 858
8517
Telephone sets, incl. telephones for cellular networks or for other wi
104 170
111 203
8803
Parts of aircraft and spacecraft of heading 8801 or 8802, n.e.s.
85 247
8537
Boards, panels, consoles, desks, cabinets and other bases, equipped wi
105 897
9018
Instruments and appliances used in medical, surgical, dental or veteri
80 655
9012
Electron microscopes, proton microscopes and diffraction apparatus
74 038
3002
Human blood;anim blood for therap use...;antisera...;vaccine,toxin...
74 231
8512
Electrical lighting or signalling equipment (excl. lamps of heading 85)
72 655
8542
Electronic integrated circuits; parts thereof
73 268
TOTAL (2017)

4. Bilateral Trade Overview – Services (2017)
CZ export of service to the US (2017) - TOP 15
CZ import of services from the US (2017) - TOP 15
ths. USD %
Other IT services
336 129
21,5 %
Repairs and maintenance
382 826
30,9 %
Other Computer Software
242 707
15,6 %
Courier services
169 444
13,7 %
Management consulting
139 463
8,9 %
Road freight transport
114 956
9,3 %
Research and development services
114 815
7,4 %
105 445
8,5 %
Original computer software
88 562
5,7 %
102 228
8,3 %
88 087
5,6 %
License fees - franchising
30 713
2,5 %
License fees - R&D
56 753
3,6 %
License fees - audio-visual.
28 979
2,3 %
Original audio-visual TV
56 749
License fees - IPR
25 956
2,1 %
Air freight transport
55 937
Other business services
25 163
2,0 %
Accounting and auditing services
38 727
Lawyer services
18 324
1,5 %
36 928
2,4 %
16 704
1,4 %
Telecommunication services
32 910
Railway freight transport
15 827
1,3 %
31 204
14 289
1,2 %
License fees - software distribution
26 283
1,7 %
13 928
1,1 %
Scientific and technical services
23 519
Scientific and Technology services
13 410
TOTAL //

5. Overview of EU/CZ-US relations
Largest trade and investment partners
Every day trade (goods and services) flows worth 2,9 bil. EUR
EU and US are its largest investors:
EU investment account for 72% of inward FDI, in stocks: €2.74 trillion
US investment €2.39 trillion
Preferential trade relations?
No, the EU and US do not have a free trade agreement -> MFN tariffs
How EU and US enhance economic relations?
Transatlantic Economic Council (2007) – direction of economic cooperation
High Level Working Group report -> launch of Transatlantic Trade and Investment Partnership negotiations ( )

6. Current issues of EU-US trade relations
Tariffs on steel and aluminium
since June 1 the US applies additional tariff of 25 % on EU exports of steel and 10 % on EU exports of aluminium products based on S. 232 Trade Expantions Act 1962
Product coverage:
Steel: HS , HS , HS , HS , HS
Aluminium: HS 7601, HS 7604, HS 7605 to 7609, HS , HS
Possibility of individual exemptions upon decision of Department of Commerce
Impacts: on EU level exports worth 6,4 bil. EUR, CZ exports worth 200 mil. USD
EU in response adopted rebalancing measures – since June 22nd additional tariffs are applied towards US imports worth 2,8 bil. EUR (
Ongoing investigation of imports of cars and car parts
Investigation based on S. 232
Product scope and intended measures are still unknown
Impacts on EU are estimated to be 52 bil. EUR*, of which 330 mil. EUR* represent CZ exports
(*indirect exports are not included)

7. Deescalation of trade dispute and new chapter in EU-US relations?
Trump-Juncker meeting on July in Washington outlines a new phase of EU-US partnership
Outlines from the Joint statement:
launch of work towards a bilateral tariff agreement
Strengthening of strategic cooperation in the area of energy including more imports of US LNG
Voluntary dialogue on regulatory cooperation
Stronger cooperation on multilateral/WTO issues – address unfair trading practices (IPR, forced technology transfer, SOEs, overcapacity).
Leaders also agreed that no further tariffs would be applied and current tariff measures will be resolved.
= No tariffs on cas and car parts
And tariffs on steel and aluminium and EU retaliatory measures will be resolved

8. Representation of Czech Republic in USA
General Consulate in Chicago
Contact: Tomáš Trnka
CzechTrade office in Chicago
Contact: Jan Kubata,
General Consulate in New York
Contact: Karel Smékal,
CzechInvest – East Coast
Contact: Jan Chmelík,
CzechInvest – West Coast
Contact: Miroslav Tenkl
Embassy of the Czech Republic in Washington
Contact: Jiří Janíček,
General Consulate in Los Angeles
Contact: Marino Radačič

9. Thank you for your attention
Lenka Fořtová
Americas Unit
Ministry of Industry and Trade