Kazakhstan and Latvia expand opportunities for economic cooperation

Kazakhstan and Latvia expand opportunities for economic cooperation

Riga, 25th of November , 2021 – On the initiative of the Embassy of Kazakhstan in Latvia, Ambassador Timur Primbetov met with the Chairman of the Board of the Latvian Chamber of Commerce and Industry Janis Endzins.

During the meeting, the interlocutors discussed the prospects for cooperation between Kazakhstan and Latvia in the field of entrepreneurship. Special attention was paid to the implementation of the agreements reached during the 8th meeting of the Kazakh-Latvian Intergovernmental Commission on Economic, Scientific and Technical Cooperation, which took place this year on 3rd of November.

J.Endzins was informed about the broad modernization agenda of the President of Kazakhstan Kassym-Jomart Tokayev, which includes socio-economic transformations, including those aimed at improving the investment climate in the Republic of Kazakhstan.

In this regard, the Latvian interlocutor was familiarized with new promising projects in various sectors of the economy of Kazakhstan, the implementation of which is envisaged with the participation of foreign capital.

The importance of providing support from the specialized structures of the two countries for the support and practical implementation of joint projects, primarily in the real sector of the economy, was emphasized. In this regard, the Ambassador of Kazakhstan spoke for the assistance of the Latvian side in promoting Kazakhstani products to the markets of Latvia and Europe.

Following the meeting, an agreement was reached on the organization of business forums, trade missions, round tables, seminars and other events, as well as the exchange of information on legislative acts and other measures directly related to supporting entrepreneurship.

J.Endzins received proposals for investment projects in Kazakhstan.

Reference: The Latvian Chamber of Commerce and Industry (LCCI) was founded in 1934 and unites over 6,000 members, including representatives of small and medium-sized businesses, associations and professional associations.

LCCI is a member of the Association of European Chambers of Commerce and Industry (EUROCHAMBRES) and the International Chamber of Commerce (ICC).

Currently, about 100 Latvian companies operate in Kazakhstan, including joint ones, 79 of which are members of the LCCI.