Czech Republic’s dependence on EU export has grown

The Czech Republic’s dependence on exports to EU member countries increased last year, despite the government’s efforts to diversify, the Minister of Industry and Trade, Jan Mládek, said on Thursday at a meeting of Czech export leaders. Currently, some 84.4 percent of Czech exports go to other EU countries, compared to 82 percent in 2014. According to Mr Mládek, the Czech Republic has lost some traditional export destinations such as Syria, Iraq and Libya and has not succeeded so far in replacing them with new Arabic markets. Another problem he mentioned was the diminishing export to Russia.