Forum helps open new chapter in relations with China


29.08.2014 19:40

Prague - The Chinese Investment Forum in Prague has contributed to the opening of a new chapter in the relations between the Czech Republic and China, Chamber of Deputies chairman Jan Hamacek said at the close of the 2-day event today.


Ilustrační foto - Premiéír Bohuslav Sobotka hovoří k delegátům Čínského investičního fóra, které bylo zahájeno 28. srpna na Pražském hradě. ČTK Kamaryt Michal

Hamacek called for wider cooperation on the parliamentary level, which, he said, would help boost mutual economic relations, and in the area of culture where cooperation is at a very good level already now.

The participants in the forum today debated Czech-Chinese cooperation in information technologies, industry, science, research and the health sector, for example.

Health Minister Svatopluk Nemecek offered to the Chinese partners, among other things, cooperation in the spa industry and spa tourism.

"We are working intensively on concrete offer within which we would regularly organise stays in Czech spas for Chinese children," Nemecek said.

He recalled that his ministry would organise a health summit of 16 Central and East European countries and China next year in spring.

One of the forum´s targets was to attract Chinese investors to the Czech Republic. The approach of Chinese investors is beginning to change in a fundamental way in the Czech Republic´s favour, said Jan Spacil of company Deloitte who gave a speech at the forum today in the part dedicated to cooperation in information technologies and telecommunications.

"If we react to this interest, the entry of Chinese investors can be a huge trading and economic opportunity for us. The results will depend, among other things, on the flexibility of potential Czech partners as well as on the ability to implement the Chinese business model in the Czech legal environment," Spacil said.

The Finance Ministry is interested in wider cooperation in the area of financial services. It wants to, for example, start cooperation between the Czech Export Bank (CEB) and its Chinese counterpart Export Import Bank. The ministry would also like Industrial & Commercial Bank of China to open a branch in Prague.

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