During the visit of the Latvian delegation, the Minister of Investment, Industry and Trade of Uzbekistan Laziz Kudratov held talks with the Minister of Transport of Latvia Atis Schwinka. The 9th meeting of the Uzbek-Latvian Intergovernmental Commission and the Uzbek‑Latvian business Forum were also held with the participation of representatives of government agencies and business circles of the two countries.
The parties discussed the current state and prospects of cooperation, the development of industrial cooperation, the expansion of transport and logistics routes between Central Asia and the European Union, as well as cooperation in the fields of digital technologies, agro-industrial complex and education.
By the end of 2025, the trade turnover between the two countries amounted to $ 273.2 million. They confirmed their readiness to increase the volume of mutual trade to 500 million dollars in the medium term.
Following the events, a memorandum was signed on the resumption of the work of the Uzbek-Latvian and Latvian-Uzbek business cooperation councils, as well as an action Plan to strengthen economic cooperation.
In addition, B2B negotiations were held and agreements were reached on the development of joint projects in the field of logistics, industry, agriculture and the digital economy.
