[5] In July 2017, a document signing ceremony was held, during which President of Azerbaijan Ilham Aliyev and President of Latvia Raimond Vejonis signed the "Joint Declaration on the establishment of strategic partnership between the Republic of Azerbaijan and the Republic of Latvia".

[6] [7] In 2017, industry agreements were signed on joint activities in a number of areas: education, transport, and construction supervision.

[4] Latvian companies in Azerbaijan are implemented in such areas as finance, consulting, jurisdiction, transport, logistics, mechanical engineering, information technology, telecommunications, architecture, food production, pharmaceuticals, tourism, education, and so on.

[10][11] It is planned to conclude a number of agreements in the field of veterinary medicine and phytosanitary.

[5] According to the United Nations trade office (COMTRADE) statistics, in 2019 Azerbaijan imported carpets and other textile floor coverings from Latvia in the amount of 127 US dollars.

[16] In February 2017, Elmar Mammadyarov and Latvian Foreign Minister Edgars Rinkēvičs signed an agreement on visa exemption for service passport holders.

[19] In 2016, the cultural and information center "Corner of Azerbaijan" was opened in the academic library of the University of Latvia.