Politicians say the name will make it easier for companies, sportsmen and others to label products and clothing.
The debate has raged since the republic split with partner Slovakia in 1993, spelling the end of Czechoslovakia.
But on Saturday, the president, prime minister, heads of parliament, foreign and defence ministers agreed on Czechia.
Up until now, many people wanting to promote the country have written "Czech" across sports jerseys or product, but critics of that point out the word is an adjective so cannot be used as a one-word proper noun.
Once it is approved officially at a cabinet meeting the foreign ministry can lodge it with the UN.
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