The Canadian Trade Commissioner Service (TCS) in Slovak Republic will provide your company with on-the-ground intelligence and practical advice on this market to help you make better, more timely and cost-effective decisions.
We can help you successfully navigate the complexities of the market, whether you're looking to export, establish your company abroad, tackle a market access issue, pursue a joint-venture or strategic alliance, participate in global value chain, seek technology and R&D partnerships.
Three priority sectors receive special attention: Information and communication technology (ICT), environmental technologies, and transport/automotive; in these areas substantial opportunities for Canadian business have been identified.
In the ICT sector, the influx of modern industrial production in Slovakia has prompted a greater need for the latest technology. Manufacturers must also comply with EU requirements for document and content management, creating opportunities for Canadian producers of enterprise software. Many Canadian companies are already present in Slovakia such as OpenText, Psion, and Smart Technologies.
Regarding environmental technology, Canada is a world leader in renewable energy, waste-to-energy, and biofuels. To meet EU commitments, Slovakia will increase the proportion of renewable fuels to a minimum of 9% by 2015 and restrict the use of landfill sites as a treatment for waste. As well, over $1bn worth of EU Structural Funds is earmarked for investments in Slovakia to improve waste management, and decrease greenhouse gas emissions. Canadian suppliers of biomass fuels (including pellets and woodchips), biomass conversion technology (heat and electricity) are actively exploring the Slovak market. Supported by the Office of the Embassy links have been established between Canadian suppliers and Slovak buyers and between science and technology experts.
With respect to the transport and automotive sector, Slovakia is implementing ambitious infrastructure improvement projects with the promise of significant EU structural funds. The Office of the Embassy stands ready to provide trade leads and follow the release of sector-specific tenders in any sector. As Slovakia has become the largest automobile manufacturer in the world per capita, several Canadian auto-industry plants established their presence, including Magna, Martinrea Fluid Systems, Alcan Extrusion, and Valiant Corporation. Canadian firms also have a competitive edge in an area known as “Connected Vehicles” – the process of improving information technology in cars and internet/wireless connectivity. The Office of the Embassy in Bratislava is actively developing science and technology linkages with the highly developed auto industry in both Canada and Slovakia.
The Office of the Embassy also provides after-care to established operations of Canadian investors including networking opportunities with officials in the Slovak Government, business-to-business matchmaking occasions, information on incentives, legislative amendments and government regulations, and links to active Chambers of Commerce in Slovakia including the Canadian Chamber of Commerce.
Yet another sign of the thriving trade and investment relationship between Canada and Slovakia is the initiative of the Ministry of Foreign and European Affairs and Slovak Chamber of Commerce and Industry to coordinate a trade mission to Canada in 2013.
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