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Latvia And Armenia Have Potential For Expanding Business Ties: Berzi

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  • Latvia And Armenia Have Potential For Expanding Business Ties: Berzi

    LATVIA AND ARMENIA HAVE POTENTIAL FOR EXPANDING BUSINESS TIES: BERZINS

    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-

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