Ambassador: Azerbaijan is interested in trade turnover structure diversification with Czech Republic
Baku, Azerbaijan, Nov. 13
By Saba Agayeva - Trend: The Azerbaijani government is interested in diversification of trade turnover with the Czech Republic which today consists mainly of the energy sector products.
"The bilateral trade volume hits $ 1.5 billion today and the vast majority of this amount - around $ 1.3 billion fall to the energy sector products, namely oil and so on," Azerbaijani ambassador to the Czech Republic Tahir Taghizade told Trend today. "Now our goal is to diversify the trade turnover structure."
According to the diplomat, both sides have recently showed an interest to expand economic cooperation, but there is imbalance.
Our challenge is to extend Azerbaijan's exports to the Czech Republic by the non-energy sector products, he said.
According to the ambassador, the parties will discuss all issues of future cooperation at the next meeting of the Czech-Azerbaijani intergovernmental commission on economic, scientific -technical and cultural cooperation, to be held in Baku on December 9-10.
This is the second meeting of the committee. The first meeting was held in Prague in November 2011.
The Co-chairmen of the joint intergovernmental commission are Czech Deputy Minister of Industry and Trade Milan Hovorka and Azerbaijani Deputy Minister of Economy and Industry Niyazi Safarov.