The United Arab Emirates is one of Latvia's most important trading partners in the Arabian Gulf region, and in recent years there has been a high-level exchange of visits with a strong impetus for the development of bilateral economic cooperation between the two countries.
Trade turnover between Latvia and the UAE is gradually increasing every year In 2023, trade volume between Latvia and the UAE more than doubled, reaching USD 127.4 million compared to USD 63.4 million in 2022.
The UAE and Latvia have agreed on 6-tack economic cooperation program in:
