Latvian President Edgars Rinkēvičs’ visit to Azerbaijan on 22 April highlighted expanding cooperation in energy, trade and transport, as Europe faces supply chain pressures and the South Caucasus gains renewed geopolitical importance.
In recent years, Azerbaijan and Latvia have worked to expand trade ties and deepen investment cooperation between their business communities.
The two countries marked 30 years of diplomatic relations in January 2024, reflecting a steady tradition of political dialogue and collaboration in economic and humanitarian areas.
Latvia sees Azerbaijan as a key economic and energy partner in the South Caucasus, while Azerbaijan considers Latvia an important logistics hub in Northern and Eastern Europe and a gateway for non-oil exports.
Against this backdrop, President Edgars Rinkēvičs paid an official visit to Azerbaijan.
As part of the visit, President Rinkēvičs paid tribute at the Alley of Honours and the Alley of Martyrs in memory of national leader Heydar Aliyev and Azerbaijani martyrs, and laid flowers at the graves of statesman Aziz Aliyev, ophthalmologist and academician Zarifa Aliyeva and doctor Tamerlan Aliyev.
Also the President of Latvia stated during the press briefing that Latvia supports discussions between the EU and Azerbaijan on a visa-free regime, which he said would be in the best interests of both the EU and Azerbaijan.
Both sides stressed the importance of strengthening cooperation in energy, trade, connectivity and digitalisation.
President Aliyev said the visit would “create new opportunities for cooperation in different areas,” noting growing mutual interest in expanding economic ties and increasing investment.
Speaking to AnewZ's Anastasiya Lavrina on Inside Politics, Artis Pabriks, former Deputy Prime Minister of Latvia, said that “global relationships between countries are fragmenting,” stressing that states now “have to seek more friends and closer relationships to counter this fragmentation.”
Trade between the two countries has grown significantly. In 2022, bilateral trade increased by 70% to $46 million, rising to $65 million in 2023, with Azerbaijani exports accounting for around two-thirds of the total.
President Rinkēvičs described Azerbaijan as a “strategic partner and friend,” emphasising the importance of political and economic cooperation.
He specifically highlighted the Trans-Caspian Transport Corridor, stating:
“We see the role of Azerbaijan, especially in the Trans-Caspian Transport Corridor and in the energy field, as a strategic value not only for Latvia but also for the European Union in general.”
Pabriks reinforced this view, saying routes linking the Caspian Sea, Black Sea, Türkiye and Europe can be “reconnected”, while north–south corridors are becoming increasingly important due to shifting global trade patterns and geopolitical pressure.
He also pointed to broader geopolitical risks, particularly in the Middle East, saying tensions around Iran are creating added pressure on Europe’s energy markets and trade routes.
Peace process and regional developments
President Aliyev briefed the Latvian president on the Armenia–Azerbaijan peace process, stating that there is already “de facto peace” and referencing progress following the Washington meeting in August 2025.
Rinkēvičs welcomed the developments, saying a peace agreement is “important for the security not only of the region but also for the whole globe.”
Pabriks described the situation as a geopolitical opportunity, saying that cooperation between Azerbaijan and Armenia could unlock “interesting opportunities for both sides,” particularly in transport and economic integration.
A number of bilateral documents were exchanged, including:
Officials said these agreements aim to strengthen institutional and sectoral ties.
An Azerbaijan-Latvia business forum was held with the participation of both presidents, focusing on expanding trade and investment opportunities.
President Aliyev expressed confidence in “good results” from the visit, while President Rinkēvičs described the talks as “very positive, pragmatic, and oriented towards future cooperation.”
The visit also included a tour of Baku White City, where redevelopment projects were presented as part of Azerbaijan’s broader urban transformation agenda.
Watch the full interview with Artis Pabriks on Inside Politics with Anastasiya Lavrina, on Wednesday night at 20:20 CEST.
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