Market Update: Latvian Chamber views opportunities for business cooperation with Azerbaijan (Exclusive) – Full Analysis

BAKU, Azerbaijan, January 31. The Latvian
Chamber of Commerce and Industry (LCCI) views business delegations
and reciprocal visits with Azerbaijan as a proven and effective
tool for strengthening economic cooperation, LCCI Director of the
European Union (EU) Projects Department, Līga Sičeva, said in an
interview with Trend.

Sičeva noted that, based on the positive outcomes of recent
initiatives under the LEF Network Azerbaijan project, the Chamber
remains committed to supporting future business missions and
delegations.

“These initiatives are planned in close collaboration with
partners and guided by specific business demand, ensuring that the
visits are practical, targeted, and results-driven. Continued
dialogue between business support organizations in both countries
will play a key role in shaping the most relevant formats and
timing for future exchanges,” she said.

The Latvian official added that looking ahead, the Chamber is
actively exploring opportunities for business support projects
aimed at strengthening and deepening commercial ties between Latvia
and Azerbaijan.

“In addition, there is interest in expanding this cooperation to
a broader regional level by involving partners from the Central
Baltic region, which will create wider networks, knowledge
exchange, and more sustainable cooperation models that support
long-term economic engagement,” Sičeva emphasized.

The LEF Network Azerbaijan project (2023-2025) is a co-funded
initiative by the Interreg Central Baltic Programme aimed at
increasing exports from Latvia, Estonia, and Finland to Azerbaijan,
particularly in ICT, green tech, education, and design. It involves
the Latvian Chamber of Commerce and partners such as Satakunta
University of Applied Sciences and the Estonian Chamber of
Commerce.

Key activities include facilitating market entry, creating a
support platform, running export development programs, organizing
trade missions, and providing support to at least 50 enterprises.
The project targets 10 sales agreements between SMEs within 36
months.