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Czech agriculture companies’ reps intend to visit Baku

19 January 2017 [16:00] - TODAY.AZ

By Azernews


By Amina Nazarli

Representatives of the Czech Agriculture Ministry and agriculture companies intend to visit Azerbaijan by June.

Frantisek Masopust, the executive director of the Czech Chamber of Commerce for relations with CIS countries told Trend that the agriculture ministries of Azerbaijan and the Czech Republic need to agree on the date of the visit.

He noted that the deputy agriculture minister can head the ministerial group.

The executive director added that the group is expected to include representatives of the Czech agriculture companies, both suppliers and owners of agro-processing technologies.

Masopust is sure that there are good prospects for developing the cooperation between Azerbaijan, which is now actively developing the non-oil sector of the economy, and the Czech Republic, which has a developed agriculture.

Particularly, the Czech Republic can offer Azerbaijan its milk processing technologies, according to him.

"The Czech companies are mainly manufacturers and exporters of the products and they do not have enough funds to invest in the projects abroad," Masopust said.

"We understand that it would be rather beneficial for the Czech Republic to establish joint ventures in Azerbaijan," he said. "The labor force is cheaper in Azerbaijan than in the Czech Republic. Moreover, the goods produced in the Czech Republic could be sold in Azerbaijan’s partner countries in the region."

He said there are bilateral cooperation prospects in infrastructure construction sector, mainly construction of roads, railways, bridges.

Masopust added that the Czech Republic has great experience in lightening of cities. "I am pleased to visit Baku because the city is changing for the better every year," he added.

The Czech Republic, a reliable partner for Azerbaijan in several fields, mainly imports Azerbaijani oil, while industrial equipment and consumer goods are exported to Azerbaijan. Currently, the two countries intend to focus on non-oil sector.

The Czech Republic ranks the 12th in the list of main importers of Azerbaijani goods. The share of the Czech Republic in the total export from Azerbaijan totaled 2.58 percent in January-November 2016.

URL: http://www.today.az/news/business/157851.html

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