The Sharjah Chamber of Commerce & Industry (SCCI) and the Embassy of Latvia in the UAE affirmed the importance of organizing joint events and exchanging visits between trade delegations to enhance the economic and investment cooperation between the two friendly countries.

This came during the meeting between His Excellency Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce & Industry, and Atis Sjanits, Ambassador of Latvia to the UAE, in the presence of Fatima Al Mokarrab, Director of the SCCI International Relations Department.

Al-Owais asserted the importance of enhancing communication between the companies operating in the Emirate of Sharjah and their counterpart in Latvia and fostering the bilateral relationships, especially in vital sectors that help reinforce Sharjah’s development process, such as information technology, small and medium enterprises, food industries, tourism, and innovation sectors.

The SCCI Chairman threw light on the numerous benefits the Emirate of Sharjah provides to foreign investors and the significant role played by the SCCI in offering Latvian businessmen appropriate opportunities for launching their businesses and enhancing their presence in the region.

Al-Owais called on the Latvian business community to actively participate in the exhibitions and events the Expo Centre will be organizing all year long.

For his part, Atis Sjanits lauded the solid relationship between the UAE and Latvia in all fields, stressing that the economic cooperation between the two friendly countries is witnessing significant development in the trade exchange volume. Sjanits welcomed the cooperation and coordination with the SCCI to better serve the business communities of both sides.

It is worth noting that the non-oil trade exchange volume between the UAE and Latvia amounted to AED 109.09 million in 2019, including AED 68.32 million Latvian imports to the UAE, and AED 40.77 million UAE exports to Latvia.