(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 30. The Latvian
Chamber of Commerce and industry (LCCI) is preparing to launch new
projects in Azerbaijan, Director of the LCCI's EU Projects
Department Liga Sičeva told Trend .
"There are always opportunities to improve the current trade
relations between Latvia and Azerbaijan and expand the business
cooperation, and there is significant potential for this.
Overall, the trends are positive. In 2019, fewer than 100
Latvian companies were working with Azerbaijan, and by 2023, their
number had increased by about 30 percent. Among them are logistics
companies, food industry enterprises, IT companies, and
representatives from other sectors.
We also see prospects for organizations and businesses working
in 'green' technologies, ICT, education, design, healthcare,
certification, and other industries," she said.
According to her, trade relations between Latvia and Azerbaijan
have great potential, as the two countries share a partially common
history and have a strong mutual understanding.
"Latvia, as a member of the European Union, can share best
European practices with Azerbaijan while also learning from the
country's successful experiences. Azerbaijan and the region, in
general, are of great interest to us from a business
perspective.
In the framework of the LEF Network Azerbaijan project, we
collaborate not only with Azerbaijan but also with Estonia and
Finland. This project, funded by the EU's Inter-Central Baltic
Program, is unique in that it brings together four countries to
support exports. The project lasts three years, and we are now
nearing the end of the second year. The final year will be
2025.
As part of the project, we organize mutual trade missions:
Latvian, Estonian, and Finnish companies visit Azerbaijan, and
Azerbaijani companies come to us," she added.
Sičeva noted that each mission includes 15 companies, making the
delegations quite substantial.
"The goal of the missions is to help businesses find the right
partners for product distribution, sales, joint production, and raw
material supplies. We are also looking for new sources of financing
and preparing to launch new projects after the end of the current
year, in 2025. We are open to cooperation with Azerbaijani business
organizations," emphasized the department director.
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