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Vast potential to boost Czechia's apparel imports from Vietnam

26 Jan '25
2 min read
Vast potential to boost Czechia's apparel imports from Vietnam
Vast potential to boost Czechia's apparel imports from Vietnam

Insights

  • Vietnam and the Czech Republic aim to strengthen trade ties, with limited current collaboration in textiles.
  • Vietnam exported $******** million in apparel to the Czech Republic in 2023, while Czech exports to Vietnam were negligible.
  • Czech Republic, a strong EU market, imported $******** million in fabric and $******** million in home textiles in Jan-Oct 2024, highlighting trade potential.

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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