He added that the group is expected to include representatives of the Czech agriculture companies, both suppliers and owners of agro-processing technologies.
Masopust added 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.
He said that in particular, the Czech Republic can offer Azerbaijan its milk processing technologies.
"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, 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.
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