Year of Establishment: 1997
Chairman representing Turkey: Ali Galip İlter
Company: Cronimet Turkey Metal Ticaret A.Ş.
Counterpart Organisation: Development Agency of Latvia
Counterpart Chairman: Anri Leimanis
Company: Partner, Triniti Law Firm
DEİK/Turkey-Latvia Business Council’s establishment process was initiated in 1994 which was mediated by the Embassy of the Republic of Turkey where the Development Agency of Latvia was identified as Counterpart Organisation. The Establishment Agreement was signed on 4 June 1997 in Riga on the occasion of a state visit by the then Chairman of the Republic of Turkey, Süleyman Demirel, to the Baltic States.
Trade volume between Turkey and Latvia is very low because there are no contacts between the business communities of the two countries and they are not aware of the potential. For this reason, the main focus of the Council is promotion in Latvia and Turkey of the economic possibilities the other country has to offer as well as encouragement of economic and social ties.