Another Trade House registered abroad
The Register of Enterprises of Latvia has registered Azerbaijan Trade House Ltd, according to the country’s Economy Ministry.
The Register of Enterprises of Latvia has registered Azerbaijan Trade House Ltd, according to the country’s Economy Ministry.
The company is established with the aim of managing the Trade House of Azerbaijan in Latvia.
The trade house will support promotion of Azerbaijani products under the ‘Made in Azerbaijan’ brand in Latvia, marketing research, participation in exhibitions and other activities related to the promotion of Azerbaijani goods.
President Aliyev signed a relevant decree on January 26, and endorsed the economy minister to appoint trade representatives to the country’s diplomatic missions abroad and open trade houses.
Trade houses in foreign countries will facilitate the export process, promote an export of competitive Azerbaijani production and enable the countries to expand trade operations.
As of today, 92 trademarks of Azerbaijan are protected under the ‘Made in Azerbaijan’ brand, while the country’s total outputs nears 250 kinds of products in food, light, heavy and construction industries. The brand is highly successful in regional and world markets, and Azerbaijan’s local output meets all the necessary standards.
The first Trade House of Azerbaijan was opened in Minsk, the capital of Belarus, on May 26 to facilitate the export process, promote an export of competitive Azerbaijani production and enable the countries to expand trade operations. Today, alcoholic products, natural juices, jams, cosmetics and other products of Azerbaijan are displayed in the Trade House.
The country also plans to open its second Trade House in Arkhangelsk region, Russia. The opening of the Trade House, which will be located in one of the historical buildings in Arkhangelsk, is expected to be a good driver for the development of economic and cultural-educational cooperation between Arkhangelsk and Azerbaijan.
As for Latvia, the country recognized the independence of Azerbaijan in 1992 and two years later, the sides started diplomatic relations. It considers Azerbaijan an important partner in the field of transit and logistics in the South Caucasus region.
Priority areas of cooperation between the two countries include joint investment projects, effective use of international transportation corridors, education, agriculture, construction, tourism and health.
The trade turnover with Latvia in the 11 months of 2017 amounted to 14.04 million dollars, having increased 1.8 times as compared to the same period in 2016, according to the State Customs Committee of Azerbaijan.