Good prospects clearly outlined
Belarus and Latvia jointly implement over 2,000 investment projects
He continued, “The total number of jointly implemented investment projects in trade, transport and financial services, alongside industry and agriculture, exceeds 2,000. Belarus has over 660 organisations with Latvian participation (including individual entrepreneurs) and 31 representations of Latvian companies. Meanwhile, Latvia has over 1,500 firms with Belarusian investments.”
Mr. Batura stressed the dynamic development of mutual trade, including in the spheres of transport, tourism, information, and computer and business services. Belarus and Latvia have good prospects to expand co-operation across logistics, IT and the manufacture of innovative goods.
Latvian consumers are well aware of Belarusian agricultural and automobile vehicles, with small-scale ‘Belarus’ tractors assembled in Latvia, alongside construction and municipal vehicles. Belarus’ Amkodor entered the Latvian market with its loading equipment in 2014.
Mr. Batura noted that Belarus exports a wide assortment of food products, clothes, knitwear, footwear and household appliances to Latvia, while Latvian food products and cosmetics are well-known in Belarus. Latvia is an important transit partner, with 80 percent of Belarusian exports shipped by sea via Latvian ports.
By Natalia Stepankova