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Latvia interested in deepening co-op with Uzbekistan in clean technology

Uzbekistan Materials 15 January 2021 10:25
Latvia interested in deepening co-op with Uzbekistan in clean technology

BAKU, Azerbaijan, Jan. 15

By Klavdiya Romakayeva - Trend:

Latvian clean technology cluster implemented EU (European Union) funded project for boosting the capacity of industry associations serving engineering companies of Uzbekistan, the Ministry of Foreign Affairs of Latvia told Trend.

Commenting on the projects to be implemented in order to develop mutual cooperation with Uzbekistan in investment and technology sphere, the ministry told that Latvia is interested in developing cooperation in areas of common interest for both sides.

“Both sides need to continue and intensify work toward the finding and establishing mutually advantageous projects in order to promote trade and economic cooperation,” the ministry noted.

The ministry also noted that cooperation between Latvia and Uzbekistan is taking place in the field of clean technologies.

“Due to the strong focus on clean technologies in Uzbekistan, we see a deepening of cooperation both in the field of clean technologies and in the field of ecology and waste management,” the message says.

Latvian ministry also mentioned the recent examples of cooperation including the “Electronic Geofund for Civil Engineering Measurements” project that was created by Latvian company.

In addition, Latvian clean technology cluster implemented EU funded project for boosting the capacity of industry associations serving engineering companies of Uzbekistan.

Earlier it was reported that following the data compiled by the Central Statistical Bureau of Latvia, the trade turnover between Latvia and Uzbekistan in the nine months of 2020 decreased by 17 percent compared to the same period last year. Both exports and imports have declined, and total trade from January through September 2020 amounted to 67 million euro.

The flow of direct investments from Uzbekistan in Latvia had a positive dynamic during the reported period. In this period the investments from Uzbekistan in Latvia have increased by three percent and amounted to 31 million euro (the same amount was fixed in the whole year of 2019).

“We believe that the trade volume does not reflect the current potential business and cooperation between our countries. We should continue to work towards developing and strengthening the bilateral cooperation,” the ministry noted.

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