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Azerbaijan is Economic Leader in the Region – Latvian Minister

Business Materials 17 April 2007 12:09 (UTC +04:00)
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.

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