foreign trade, trade policy, commodity structure, trade balance
The process of transition in former central planning economies is closely related to the structure
changes in the production base of national economy. Successful management of this process
then affects international competitiveness of the country. Foreign trade is one of the most common
parts of international economic activities of the national economy. Its commodity structure reflects
the international competitiveness of the country.
General features of the foreign trade policy of the former Czech and Slovak Federative Republic
before 1990s reflected the central planning character of the national economy. Foreign trade activities
were limited towards western countries. After the establishment of the independent Slovak
Republic, its foreign trade policy became much more open and liberalistic. In the first years, the
Slovak Republic implemented certain actions of the protectionist trade policy in order to face international
competitive pressures. As a member of the main international economic organizations,
the Slovak Republic followed liberalization trends in its foreign trade policy.
Economic activities between the Slovak and the Czech Republic have become significant up
to the present days. Economic development and transition process in both countries affect the
proportions of export and import of goods and services considering their volume and commodity
structure through the time.
In this paper we analyze main features of the trade activities between the Slovak and the Czech
Republic. We focus on trends in development of export and import of goods and services considering
the commodity structure of both of them. After that, we conclude our investigations about the
developments in their bilateral trade activities.