BAKU, Azerbaijan, August 15. Latvia is eager to
develop bilateral cooperation with Azerbaijan in numerous spheres,
the Ministry of Overseas Affairs of Latvia informed Pattern.
“After the eighth assembly of the Intergovernmental Fee on
financial, scientific, technical and cultural cooperation between
Latvia and Azerbaijan (IGC) held on Could 20, 2022 in Riga, Latvia,
each events expressed frequent curiosity in an extra growth of
bilateral cooperation within the area of commerce and investments,
transport, science and training, innovation, agriculture and meals
security, environmental safety and local weather change, tourism and
tradition,” the supply stated.
In line with the ministry, additionally, an settlement was reached throughout
the eighth assembly of the IGC to ascertain the cooperation between the
Small and Medium Enterprise Growth Company of the Republic of
Azerbaijan (SMBDA) and the Funding and Growth Company of
Latvia (LIAA), in addition to between SMBDA and the Growth Finance
Establishment ALTUM to alternate expertise within the area of small and
medium enterprise assist (LIAA) and financing fashions (ALTUM).
“It would definitely assist present help in future to
corporations and enterprise organizations inquisitive about launching new
enterprise initiatives, and encourage corporations and enterprise
organizations to strengthen their cooperation,” the supply
As well as, throughout the framework of the eighth Session of the IGC,
the “Memorandum of Understanding between the Meals Security Company of
the Republic of Azerbaijan and the Meals and Veterinary Service of
the Republic of Latvia on cooperation within the area of meals security”
was signed, which can function an excellent foundation for increasing
bilateral cooperation, the MFA stated.
Because the ministry famous, Latvia additionally sees potential for fruitful
cooperation with Azerbaijan in renewable vitality sector.
“Guaranteeing investments in sustainable vitality capacities, notably
wind- and solar-based era, are perceived as a strategic
precedence in cooperation with Azerbaijan. There’s a big potential
within the areas of analysis and improvement, information switch and
technological alternate, in addition to photo voltaic set up improvement”,
the supply added.
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