Azerbaijan, Baku, August 11 / Trend /
Although the amount of trade turnover between Azerbaijan and Latvia is not too high, progresses are achieved in this regard, Azerbaijan President Ilham Aliyev said making a speech at Azerbaijan-Latvia business forum on August 11, AzTV state television reported.
The President said that there are good prospects for economic co-operation between the two countries and significant achievements have been made in this regard.
"Existence of good political relations gives an opportunity to business people of the two countries to effectively co-operate in many spheres," Aliyev said.
Aliyev said that Azerbaijan-Latvia relations successfully develop and Latvian President Valdis Zatlers's visit to Azerbaijan opens a new stage in relations between the two countries.
Aliyev said that signing a number of bilateral agreements on August 10, Azerbaijan and Latvia strengthened legal foundation of the relations.
The President expressed confidence that the meeting of business people of the two countries will make a contribution to the development of relations.
"I believe that the role of the inter-governmental joint economic commission is significant, since it will help business people establish relations, coordinate various projects and invest in more attractive sectors. After yesterday's discussions, we came to a conclusion that our economies are not in competition with each other. We do not compete for market. Our economies can successfully support each other," Aliyev said.