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COVID-19 pandemic has no negative effect on Latvia-Azerbaijan trade relations - embassy

Business Materials 7 April 2021 17:22 (UTC +04:00)
COVID-19 pandemic has no negative effect on Latvia-Azerbaijan trade relations - embassy

BAKU, Azerbaijan, Apr. 7

By Nargiz Sadikhova - Trend:

Despite the consequences of the COVID-19 pandemic, the total trade turnover of goods between Latvia and Azerbaijan in 2020 was 18.08 million euro, increasing by 2.4 percent compared to 2019, Deputy Head of Latvian Mission in Azerbaijan Vija Buša told Trend.

Buša noted that Azerbaijan is an important partner of Latvia's foreign trade.

Of the 2020 trade turnover volume, exports of goods have amounted to 17.37 million euros, increasing by 2 percent, while imports of goods represented 0.72 million euros, increasing by 11 percent compared to 2019.

“The main categories of goods exported from Latvia to Azerbaijan currently are food products, construction and building materials, wood products, chemicals, and pharmaceuticals. The Covid-19 pandemic presents challenges and opportunities. It is great to see that export of food and agricultural products is continuing even in these tough times,” she said.

In her words, there are also new opportunities for bilateral trade.

“Just recently, in March, completely new to the market, dairy products were exported to Azerbaijan by dairy production company “Tukuma Piens”. Brands of “Baltais”, “BaltaisEco”, “Exporta” and “Skyr” sour cream, cottage cheese, yoghurt and other dairy products offered at “AZZA” shops and there are plans to increase the export of these products. Also, high-quality seafood was introduced by the “Banga” factory and delicious “Pūre” Chocolate Truffles returned to the customers in Baku,” she explained.

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Follow the author on Twitter: @nargiz_sadikh

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