world trade organization
The Czech Republic has been a WTO member since 1 January 1995. As of 1 May 2004 the Czech Republic is a member state of the European Union (EU). All EU member states are WTO members, as is the EU in its own right.
WTO represents multilateral trading system whose overriding purpose is to help trade flow as freely as possible and to help developing, and least developed countries in particular, to integrate into the global trade. The Czech Republic donates to the WTO Global Trust Fund with the objective to help build the necessary institutions and to train officials in developing countries.
Trade policy of the Czech Republic was reviewed in WTO twice. First in 1996 and second TPR took place in 2001. During these reviews members recognized that in addressing economic difficulties, the Czech Government took significant steps to enhance the economic climate, both through domestic reforms and by further trade and investment liberalization. The establishment of a liberal and transparent international trade regime has been a key ingredient in the Czech Republic's transformation to a market economy.
The customs union between the Czech Republic and the Slovak Republic created after the split of the former Czechoslovakia was the only one case where consensus has been reached in an examination of an agreement under Article XXIV GATT.
The Czech Republic, as several other trade - dependent economies advanced the idea of promoting new round of negotiations and since 1998 was part of an informal group of 15 WTO members who came together as The Friends of a New Round.
Delegation of the Czech Republic came to the Bali Ministerial Conference ready to support the necessary steps to turn the so called Bali package, based on the agreed outcome in trade facilitation, agriculture and development, into reality.
The Czech Republic welcomed outcome of MC9 including Trade Facilitation Agreement which, with carefully crafted flexibilities and technical assistance provisions, represents a once-in-a-generation opportunity to ease global trade across the board, by reducing red tape and bureaucracy, simplifying customs procedures and reducing compliance costs.
More about WTO on its website.