Azernews.Az

Azerbaijan and Latvia have signed a protocol on the basis of agreements reached during the meeting of Commission on international relations between the representatives of the two countries' transport ministries, Azerbaijan's Transport Ministry reported on April 20.

The commission's meeting was held in Riga, Latvia on April 20.

During the meeting the parties discussed the current state of international road transportation, current problems and prospects of development.

Meanwhile, the increase in freight traffic through the North-South international transportation corridor, determination of a contingent of permits for 2016-2017 and other issues of mutual interest were also discussed.

The North-South international transportation corridor is meant to connect the northern Europe with the south-eastern Asia. It will serve as a link between the railways of Iran, Azerbaijan and Russia.

At an initial stage, it is planned to transport 6 million tons of cargo via the North-South corridor a year, and 15 to 20 million tons of cargo in the future.

The trade turnover between Azerbaijan and Latvia totaled $2.04 million in the first quarter of 2016, which is by 5.9 percent more than in the same period of 2015, according to Azerbaijan's State Customs Committee.

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