Czech Business Today

Czech entrepreneurs voted on legislation that affects them on October 13th in the European Parliament. On the simulated vote within the European Parliament of Enterprises Czech companies discussed and voted on issues concerning the internal market, education, trade policy and sustainable economy.

Entrepreneurs had a unique opportunity to comment on the forthcoming European legislation. At the beginning of the event, more than 700 companies from the European Union expressed their feelings towards Brexit. Most of them stated that the withdrawal of Great Britain from the EU would have an impact on their business and present British entrepreneurs even said that they would move their business to the EU27. During the session on common trade policy, entrepreneurs requested the Commission to put an emphasis on removing all obstacles and support the internationalization of small and medium-sized companies within the free trade agreements. The vast majority of businesses also stated they are not sufficiently familiar with the impact of negotiated trade agreements. Participants in the poll pointed out that the granting of market economy status to China will have destructive negative impact on the European economy. European entrepreneurs also assessed the state of the internal market, which in their opinion is not sufficiently integrated to allow free and competitive business.

Although the administrative, legal and tax exemptions discourage entrepreneurs to carry out activities in the internal market, it is still the most important tool for European integration. European Parliament of Enterprises was organized for the fourth time by the Association of Chambers of Commerce and Industry EUROCHAMBRES, whose full member is the Czech Chamber of Commerce.