Latvia intends to boost trade with Azerbaijan
By Sara Israfilbayova
Latvia intends to increase the volume of trade with Azerbaijan, said Juris Maklakovs, the Latvian Ambassador to Azerbaijan.
The two sides have potential to boost trade and economic relations, according to the diplomat.
Unfortunately, the trade turnover between Azerbaijan and Latvia decreased by 28.93 percent in 2016 as compared to 2015, noted Maklakovs, adding that however, the volume of services rose, which indicates the availability of capacity in this area.
The ambassador added that intensive negotiations are underway on holding the Latvia-Azerbaijan intergovernmental commission’s meeting, which is planned to be held soon.
Trade turnover between Latvia and Azerbaijan amounted to more than $350,000 in the first quarter of 2017, according Azerbaijan’s State Customs Committee.
President of Latvia Raimonds Vejonis visited Baku in March 2017. While taking part in the 5th Global Baku Forum titled “The Future of International Relations: Power and Interests” held in Baku, he said that Latvia and Azerbaijan enjoy very good bilateral relations.
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