LCCI invites businessmen to develop cooperation with countries part of New Silk Road

Latvia’s Chamber for Commerce and Industry invites businessmen to use the opportunities provided by China’s New Silk Road initiative and commence exporting goods to China. Transport channels have already been established to ensure this. Intergovernmental cooperation agreements have also been signed in relation to investments and other important matters.

«Latvia is one of the most active participants of the project. LCCI also contributes to establishing cooperation with the eastern country. China and Latvia have exchanged official visits. Latvia has been visited by China’s Prime Minister Li Keqiang, as well as Chairman of the Standing Committee of the National People’s Congress Zhang Dejiang. Latvia’s Economy Minister Arvils Ašeradens and Saeima speaker Ināra Mūrniece have visited China,» LCCI reports.

To ensure convenient partnership, China and Latvia have signed cooperation agreements on unlimited trade, protection of investments, prevention of double taxation, technological cooperation, provision of air traffic services, etc. Compared to a time when there was no such initiative in place, import volumes from Latvia to China have grown 77%, making China Latvia’s second largest trade partner outside the EU.

LCCI chairman Aigars Rostovskis says Latvia’s relations with China always move forward in this project, providing benefits to both in the process.

«Considering the accomplishments secured during the New Silk Road, now is the time when all trade roads towards China are open. This is proven by the successfully formed transport movement and the large number of other factors based around the positive dialogue between the two countries,» Rostovskis comments.

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