Latvian entrepreneurs are interested in expanding and deepening economic cooperation with Kazakhstan

Riga, February 4, 2022 – On the initiative of the Embassy of Kazakhstan in Latvia, Ambassador Timur Primbetov met with the President of the Latvian Chamber of Commerce and Industry Aigars Rostovskis.

During the meeting, prospects and forms of mutually beneficial cooperation between entrepreneurs of Kazakhstan and Latvia were discussed. Special attention was paid to the participation of small and medium-sized businesses of the two countries in the practical implementation of the agreements adopted at the official level, including within the framework of meetings of the Kazakh-Latvian Intergovernmental Commission on Economic, Scientific and Technical Cooperation.

T. Primbetov informed A. Rostovskis about the ongoing political and socio-economic reforms in Kazakhstan under the leadership of the President of the country, Kassym-Jomart Tokayev. He spoke in detail about the initiatives of the Head of State aimed at balancing the interests of the state and business, creating optimal conditions for entrepreneurial activity and increasing the competitiveness of small and medium-sized businesses.

The Latvian interlocutor was also acquainted with new promising projects in various sectors of the economy of Kazakhstan, the implementation of which is envisaged with the participation of foreign capital.

Following the meeting, an agreement was reached on the preparation of a promising Action Plan for organizing and holding joint business forums, trade missions, round tables and thematic seminars in 2022. The parties also agreed to exchange information on a regular basis on legislative acts and other measures directly related to supporting small and medium-sized businesses.

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, including joint ventures, operate in Kazakhstan, 79 of which are members of the LCCI.