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Chinese businessmen look over Latvia’s transit and logistics offer

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Monday 30 November, Latvian Transport Ministry was visited by a delegation of Chinese businessmen who participate in the creation of the Big Rock industrial park in Belarus. The meeting with Latvian transport officials was organized to discuss Latvia’s potential role in this project.

Kaspars Ozolins, state secretary to Latvian Transport Ministry, welcomed the visit by the Chinese delegation and expressed his gratitude to China for supporting Latvia’s initiative to help coordinate transport and logistics as part of the 16+1 format, as reported by Transport Ministry.

Ozolins said that the two countries have a lot of common interests in the realization of China’s New Silk Road initiative – One Belt, One Road, which provides for establishing better cooperation and development of transport connectivity on the Eurasian continent.

«Because of the goals of the initiative is improving the connectivity of supply lines among China, Central Asia, Russia and Europe, which is the main priority of our country’s transport ministry in cooperation efforts with China, Latvia believes the initiative of the Chinese government will help stimulate the development of the transport industry between Europe and Asia. With that, Latvia has certain advantages to offer, especially in regards to effective distribution of Chinese goods in the Baltic Sea region. With that, Latvia is fully prepared to become part of China’s initiative,» – said Ozolins.

During the meeting, Chinese businessmen were once again given confirmation in regards to Latvia’s readiness to be part of the Trans-Eurasian supply network. The ministry has also come up with an offer to Belarus and China as strategic partners in Eurasian transports.

The ministry’s state secretary also welcomed the creation of an industrial park in Belarus. Ozolins said Latvia is prepared to become part of the transport network to/from Belarus, offering the industrial centre entry to ports and North European markets.

Hu Zheng, Director of China Merchants Group in Central Asia and Baltic States, said Chinese businessmen would like to form direct contacts with Latvian transit and logistics companies as part of this visit. He agreed with Ozolins that Latvia will play an important role in China’s New Silk road initiative, which is largely thanks to the country’s favourable geographical location.

The Chinese delegation was represented by 14 businessmen from companies like China Merchants Group, China Railway Group Limited and others. As part of the delegation’s two-day visit, Chinese businessmen plan to visit Riga, Ventspils and Liepaja ports and meet with representatives of LDz.

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