RIGA, February 27. /ARKA/. Armenia and Latvia have a great potential for expanding their business relations, Latvian President Andris Berzins told Novosti-Armenia.
“The developed base of agreements, including investment protection, will particularly foster it,” he said at the meeting with the members of CIS, Baltic and Georgian Editors-in-Chief Club
Berzins noted the two sides had confirmed not once their readiness and necessity to increase the trading turnover, investments and business contacts.
However, the business ties between the two states will be deepened whenever these ties are mutually beneficial, according to him.
“Mutually beneficial, pragmatic relations with all countries is what our policy is based on,” he said.
Berzins also added nothing can hinder the economic cooperation between Armenia and Latvia even “despite the distance between our countries.”
According to the National Statistical Service of Armenia, the foreign trading turnover between Armenia and Latvia stood at 1337,8 million drams or $3,599,500 in 2011. Export to Latvia from Armenia totaled in 408.4 million drams or $1,099,600 (379.7 tons), and import—929.4 million or $2,499,900 (731.2 tons). -0-