Potential for the Latvian-Turkish economic cooperation: the case study of road haulage sector

Abstract

Purpose – Success in overcoming the consequences of the financial and economic crisis in the Latvian economy depends on further development of trade relations, both with EU partners, and with other countries. In this connection, Turkey, the country having large industrial potential and striving to join the European community, can be regarded as an attractive partner in the field of trade and economic cooperation not only for Latvia, but also for the Baltic region. Therefore it is important to identify the obstacles and possible solutions for development of cargo shipment between Latvia and Turkey as well as to assess the suitability of haulages for different types of cargos transported from Turkey to/via Latvia.

Design/methodology/approach – For the purpose of research qualitative methods of data acquisition and analysis on the base of questionnaire and results of the sampling were used.

Findings -- The experience of Latvian transport companies cooperating with Turkish entrepreneurs is studied. Moreover analysis the Latvian-Turkish cooperation on the fields of road haulages was carried out.

Originality/value – The main factors encouraging and impeding further economic cooperation of both countries in the sphere of transport and transit are qualitatively assessed on the base of unique survey carried out among Latvian transport companies.