Recently, officials from both countries have underlined the significance of expanded cooperation driven by the EU-Vietnam Free Trade Agreement (FTA). Vietnam has become the Czech Republic’s largest trade partner in ASEAN. The Czech Republic also stands out as a fast-growing and stable economy with a strong industrial base and is a key player among markets in Eastern Europe.
However, both nations have limited trade relations in terms of textile products. Like Vietnam, the Czech Republic is also a textile and apparel exporter in the global market. The latter nation also imports textiles and apparel as per its regular needs.
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