Belarus and Latvia have been jointly implementing over 2,000 investment projects, Chairman of the Belarusian public organization Twin-towns, member of the Council of the Republic of the National Assembly of Belarus Boris Batura said at the third meeting of the Belarusian and Latvian twin-towns and partners in Orsha on 17 April.
“The Belarusian-Latvian cooperation has a centuries-long history. Latvia is Belarus' big partner and investor, ranking 10th in direct investment in the Belarusian economy. The total number of the jointly implemented investment projects in trade, transport and financial services, industry and agriculture exceeds 2,000. In Belarus there are over 660 organizations and sole proprietorship with the Latvian participation and 31 representations of Latvian companies. In Latvia there are more than 1,500 firms with the Belarusian investment,” Boris Batura said.
Boris Batura stressed the dynamically developing mutual trade, including in transport, tourist, information, computer and business services. Belarus and Latvia have good prospects to expand cooperation in logistics, information technology, and the production of innovative products.
Latvian consumers know Belarusian agricultural and automobile vehicles very well. Small-scale tractors Belarus, construction and municipal vehicles are assembled in Latvia. Belarus' Amkodor entered the Latvian market with its loading equipment in 2014.
According to Boris Batura, Belarus exports to Latvia a wide assortment of food products, clothes, knitwear, footwear and household appliances. Latvian food products and cosmetics are well-known in Belarus. Latvia is our important transit partner. 80% of the Belarusian export shipped by sea goes through Latvian ports.
Source: BelTA