The Latvian Chamber of Commerce and Industry (LCCI) is prioritizing business delegations and reciprocal visits with Azerbaijan as a key strategy for bolstering economic cooperation between the two nations. The LCCI remains committed to supporting future business missions, building on the positive results of recent initiatives.
Strengthening Latvia-Azerbaijan Economic Ties
Līga Sičeva, Director of the European Union (EU) Projects Department at the LCCI, emphasized the effectiveness of these exchanges in an interview. These initiatives are planned in close collaboration with partners and are driven by specific business needs, ensuring practical and targeted outcomes.
Continued dialogue between business support organizations in both Latvia and Azerbaijan will be crucial in shaping future exchanges, according to Sičeva. The Chamber is also actively exploring opportunities for business support projects designed to deepen commercial ties.
Expanding cooperation to include partners from the Central Baltic region is also under consideration. This broader approach aims to create wider networks, facilitate knowledge exchange, and establish more sustainable cooperation models for long-term economic engagement.
LEF Network Azerbaijan Project
The LCCI’s efforts are supported by the LEF Network Azerbaijan project (2023-2025), a co-funded initiative under the Interreg Central Baltic Programme. The project focuses on increasing exports from Latvia, Estonia, and Finland to Azerbaijan, with a particular emphasis on sectors like ICT, green tech, education, and design.
Key partners in the project include Satakunta University of Applied Sciences and the Estonian Chamber of Commerce. Activities include facilitating market entry, creating a support platform, running export development programs, organizing trade missions, and providing support to at least 50 enterprises. The project aims to facilitate 10 sales agreements between small and medium-sized enterprises (SMEs) within 36 months.
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