Prague, the capital city of the Czech Republic, has announced its decision to cancel the partnership agreement with Beijing. The aim of this partnership agreement, which was signed in 2018, was to foster cultural, economic, and social cooperation between the two cities (source). However, recent events and growing concerns have led Prague to take this drastic step.
One of the main reasons behind this move is the controversial sale and purchase contract example that came to light. This contract, which involved a significant investment from Beijing in a high-profile infrastructure project, raised suspicions of corruption (source). The public outcry forced the city council to reconsider its partnership agreement with Beijing and take necessary actions to address the issue.
The cancellation of the partnership agreement without an end date demonstrates Prague’s firm stance in upholding transparency and integrity in its international relationships (source). The city aims to establish partnerships based on trust and mutual benefit, and the recent events have raised doubts about the viability of the agreement with Beijing.
In light of these developments, Prague also plans to establish new partnerships with other cities and countries that share its values and principles. The city is now seeking opportunities to enter into agreements that promote cultural exchange, economic growth, and collaboration in various fields (source).
One such example is the agreement for the avoidance of double taxation with South Africa. This agreement, which was signed earlier this year, aims to streamline tax regulations and facilitate trade and investment between the two countries (source). Prague hopes to forge more partnerships of this nature to foster international cooperation and strengthen its global presence.
Furthermore, Prague is also focusing on resolving any disputes that arise through arbitration agreements. The city is exploring the implementation of CMS arbitration agreements to provide a fair and efficient mechanism for resolving conflicts (source). This step demonstrates Prague’s commitment to maintaining harmonious relationships and addressing any issues that may arise in its international collaborations.
It is essential to note that the cancellation of the partnership agreement with Beijing does not reflect Prague’s opinion about the Chinese people or their culture. Prague remains open to cultural exchange and cooperation with China, but the recent events have highlighted the need for stricter regulations and transparency in future partnerships.
As the city moves forward, it will continue to explore new avenues for collaboration and seek partnerships that align with its values and objectives. Prague’s decision to cancel the partnership agreement with Beijing serves as a reminder that integrity and accountability are crucial in international relationships, and cities must prioritize the well-being and interests of their citizens.