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Czech Machine Tools and Forming Machines at the CIMT Fair in Beijing This Year



  The Czech Republic will be one ofthe countries that has manufactur-ers taking part in one of the mostimportant engineering fairs in the world,the CIMT in Beijing.Their presence atthe fair will have the nature of an officialexhibition,being held under the auspicesof the Czech Republic Ministry of Indus-try and Cornmerce.Ours will be one ofthe smaller exhibitions at the fair,howev-er,the potential of the country from theheart of Europed should not be overlookedby any means.
  At the beginning of May 2007,threevears will have passed since the mo-ment when the Czech Republicbecame a member of the Eu-ropean Union,and during thatperiod the Czech economy hasrecorded very positive results.The gross domestic product ofthe Czech Republic increasedby approximately 6% in thepast vear,which is twice therate of the average GDP growthin the EU member countries.Ina European context it is one ofthe best reaults.
  Also.the numbers forCzech foreign tracde are excel-lent.Last year the best surpluswas reported in the history ofthe independent Czech Repub-lic.For the second time since1993 Czech foreign trade wasin a surplus and the turnover in2006 was five times the turn-over of the vear 1993.If wecompare last year with 2005,the growth rate of exports andimports was higher and reacheddouble figures-exports 14.6%and imports 14.4%.The balanceof trade was in surplus in all fourquarters of last year.
  In terms of the territorialstructure,the trade with EuropeanUnion member countries takesthe largest share in the surplusof Czech foreign trade(it comesto more than 80% of the totalexports).Thus Czech goods haveproved that they are able to winrecognition in the environmentof the most advanced Europeaneconomies.Particularly machineryand means of transport showedabove-average growth,as exportsof these commodities increased byapproximately US$8.5 billion.
  In 2006.Czech industry at-tained the highest dynamics ofproduction growth since 2001-nearly 10%.As regards machinetools and forming machines,production in the Czech Republicincreased by 13.2%,exports by15.4%,and imports by 73%.Thus theexport-import balance is positive andcomes to,dpproxjmately US$17.5 millionfor the Czech Republic.In the area ofmecnanical engineering,the year-on-yeargrowth of the production is evident par-ticularly with machining centres,sigle-purpose machines and lines,lathes,ma-chines for grinding,sharpening,honingand lapping,and machines for drilling,milling and thread cutting.
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