Azerbaijan is Economic Leader in the Region – Latvian Minister
Azerbaijan, Baku / corr Trend U.Ismayilova / ArtisPabriks, the Latvian Foreign Minister, stated in Baku that in 2006 the goods turnover between Azerbaijan and Latvia made up €96mln. He was addressing the third Azerbaijani-Latvian business forum which began in Baku on 17 April.
Pabriks said that in 2006 the export of goods from Azerbaijan to Latvia rose to €2mln, while the import from Latvia to Azerbaijan increased to €7mln.
The Minister noted that Latvia is going to invest in one of prospective spheres of the Azerbaijani economy.
" Azerbaijan is an economic leader in the region, Latvia welcomes co-operation between the two countries in all spheres and the governments of the two countries adhere one of the same principles," he added.
The first business-forum between Latvia and Azerbaijan was held in October 2005 during Latvian President Vayru Vike-Freiberg's official visit to Azerbaijan and the second was held in October 2006 during Azerbaijani President Ilham Aliyev's official visit to Latvia.