Trade turnover between Azerbaijan and Latvia to increase

  27 November 2017    Read: 1385
Trade turnover between Azerbaijan and Latvia to increase
Among the steps taken to develop economic relations between Azerbaijan and Latvia, it is possible to mention the ceremony of opening of Azerbaijan’s trading house in Riga till late 2017, Latvian ambassador to Azerbaijan Juris Maklakovs told reporters.
"The organizer of the ceremony of opening of Azerbaijan’s trading house in Latvia intends to open Latvia’s trading house in Baku," he said. "We have already discussed this issue with Azerbaijani minister of economy. I think next year Latvia's products will be presented in Azerbaijan in the trading house and the country’s various trade networks. Of course, the trade turnover will increase."

Maklakovs added that a number of Latvian companies are currently working on opening representative offices in Azerbaijan.

In July 2017, President of Azerbaijan Ilham Aliyev paid an official visit to Latvia, where he and President of Latvia Raimonds Vejonis signed a Joint Declaration on Establishing a Strategic Partnership between the Republic of Azerbaijan and the Republic of Latvia.

The visit also resulted with a memorandum of understanding, signed between the Ministry of Transport, Communications and High Technologies of Azerbaijan and the Ministry of Transport of Latvia on international combined cargo transportation, an agreement between the Ministry of Emergency Situations of Azerbaijan and the Latvian Ministry of Economy on cooperation in state supervision of safety of construction, and an intergovernmental agreement on cooperation in education.

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