Caspian Energy (CE): Your Excellency, in 2018 Azerbaijan and Latvia, which are strategic partners, were celebrating the 100th anniversary of independence. How do you see the future of relations with Azerbaijan and other countries of the Caspian region? What hinders to develop economic relations more effectively?
Rájmonds Véjonis, President of the Republic of Latvia: Azerbaijan is an important partner to Latvia in the South Caucasus region. Close cooperation has been established not only between the leaders of our countries, but also parliaments, governments, local authorities and other institutions.
In January 2019, we celebrated the 25th anniversary of the establishment of diplomatic relations between Latvia and Azerbaijan. During the official visit of the President of Azerbaijan to Latvia in June 2017 the declaration on strategic partnership was signed, thereby raising our relationship to a new level of cooperation. There is a huge potential for further expansion of our relations, especially in economic and trade areas. Current bilateral trade turnover does not reflect the real economic potential between our countries. Investment in small and medium size business would bring a lot of benefit to our economic relations.
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