YEREVAN, June 10. /ARKA/. Latvia is interested in cooperation with Armenia in many segments of industry and services, Imants Kanaskas, the head of the Jelgava Manufacturers and Traders Association who is the chairman of the Latvian-Armenian Business Cooperation Council, said Tuesday at the third session of the council in Yerevan.
He said that the two countries have immense room for cooperation that has not been used so far.
Kanaskas expressed hope that ground for cooperation would be outlined during this visit.
He singled out transport and logistics, forestry, finance, banking, IT, pharmaceutics and chemistry, tourism, energy and education as likely areas for cooperation.
The Latvian guest pointed out the necessity of creation of a favorable environment for entrepreneurship and investment in both countries. He also said that transport and logistic systems connecting the two countries should be developed and visa regime should be simplified as well.
Trade turnover between Armenia and Latvia amounted to $6.5 million in 2013. Exports from Armenia totaled $2.5 million here. Latvia’s direct investments in Armenia totaled €3.4 million.
In 2009, the Union of Armenian Employers and the Latvian Employers’ Confederation signed a cooperation agreement. The countries decided in 2013 to establish the Armenian-Latvian Business Cooperation Council to cooperate in transport, logistics, science and education areas. -0----