“An analysis has been held in order to determine the list of goods that Azerbaijan can export to the Czech market,” Mustafayev said addressing the Azerbaijani-Czech business forum in Baku Jan. 17.
He named the agriculture products, including nuts, tea, fruits and vegetables, cotton, wine and others as the non-oil products that can be exported to the Czech Republic.
Azerbaijan and the Czech Republic can also develop the cooperation in the industrial, transportation, tourism, finance and other spheres, said the minister.
Speaking about the activity of Czech entrepreneurs in Azerbaijan, Mustafayev noted that as of today the total of volume of their investments in the country amounts to $1.3 billion.
Additional 1.8 billion euros were given by Czech banks for the implementation of various projects in Azerbaijan, added Mustafayev.
Moreover, the minister said the Czech companies participate as contractors in various Azerbaijani projects, with a total cost of $16 billion.
On Jan. 17, Baku hosted the Azerbaijani-Czech business forum, which was attended by almost 170 entrepreneurs from the two countries.
Trade turnover between Azerbaijan and the Czech Republic amounted to $316.3 million in 2016, some $214.4 million of which accounted for the exports to the Czech Republic, according to Azerbaijan’s State Customs Committee.