International Trade:

Czech Trade Data

NSIAD-90-298BR: Published: Sep 20, 1990. Publicly Released: Sep 20, 1990.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on the trade agreement between the United States and Czechoslovakia signed in April 1990, focusing on: (1) Czechoslovakia's exports and imports to select countries; (2) tariff rates on U.S. imports from Czechoslovakia as compared to rates on imports from countries with most-favored-nation (MFN) status; (3) Czechoslovakia's eligibility for receiving the generalized system preferences (GSP) trade benefits; and (4) U.S. exports and imports from Czechoslovakia from 1987 to 1990.

GAO found that: (1) Czech trade data showed that 89 percent of its exports were manufactured goods; (2) machinery and transport equipment accounted for over half of all Czechoslovakia's exports; (3) the Soviet Union and Eastern European countries were Czechoslovakia's major trade partners, accounting for about 70 percent of its total trade; (4) the United States accounted for less than one-half of 1 percent of Czechoslovakia's trade; (5) granting MFN status to Czechoslovakia would reduce the weighted average tariff rate on dutiable products from 29.5 percent to an estimated 5.2 percent; (6) a drop in tariff rates would increase Czechoslovakia's exports to the United States, but only by a small margin; (7) Czechoslovakia met the per-capita-income eligibility requirement for the GSP program, but to receive benefits Czechoslovakia must receive MFN status; (8) with GSP, the tariff rate on all eligible Czech exports to the United States would decrease from an average MFN rate of 5.2 percent to zero; (9) U.S. exports to Czechoslovakia averaged $51 million annually between 1987 and 1989, with hides and skins, measuring instruments and apparatus, fertilizers, and specialized machinery being the leading exports; and (10) U.S. imports from Czechoslovakia averaged $82 million during the same period, with footwear, glassware, tractors, and men's coats and jackets being the leading imports.

Nov 21, 2017

Nov 13, 2017

Oct 31, 2017

Oct 26, 2017

Oct 19, 2017

Oct 12, 2017

Oct 4, 2017

Sep 28, 2017

Sep 19, 2017

Looking for more? Browse all our products here