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Wednesday 20.06.2018 | Name days: Rasa, Rasma, Maira
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Foreign Minister: joining Eurozone will improve Latvia's reliability

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Edgars Rinkevics

Latvia’s external policy priority of 2013 will be the preparation for the presidency in the European Union and gathering support for the country’s joining of Eurozone, notes Foreign Minister Edgars Rinkevics.

The work being done in the direction of Eastern partnership and cooperation with countries of Central Asia also has perspectives. These countries praise Latvia’s work in the area of reforms and see it as a partner that can help them improve relations with the European Union. Latvia knows this region – since the restoration of independence, Latvia managed to set up an active economic and political dialogue. This year, it is planned to raise relations with Asian countries to a new level, especially noting trading, investments and education. Furthermore, Latvia will be able to contribute to a more active participation of the EU in given regions, as reported by the Foreign Ministry.

“The Foreign Ministry and Latvia’s diplomatic representatives can do much to ensure international support of Euro adoption in Latvia. The country’s joining of the united European monetary union will strengthen Latvia’s external and economic reliability, and offer additional opportunities for the increase of the overall level of welfare for Latvian residents,” – believes Rinkevics.

The minister also noted that there is one more opportunity to increase interest toward Latvia as a country with a good investment environment. Russian businessmen can be very interested.

As it is known, negotiations about the long-term EU budget will continue this year. Latvia will try and achieve the preservation of the funding from the EU Cohesion Fund on the current level, as well as the equalization of the payments of direct payments to EU farmers. This issue is considered by the minister as one more priority.

When realizing external political foals in 2012, the External Affairs Service worked in collaboration with other government institutions on achieving different priorities, such as achieving beneficial terms for Latvia in the talks about the 2014-2020 EU budget.

Furthermore, Latvian entrepreneurs are presented with support in conquering new foreign markets; Latvia’s interests are protected in different countries and institutions (it was possible to defend Latvia’s economic interests in Belarus).

Work being done in improving relations with Russia is also important in the country’s external policy. 2012 saw the ratification of an important convention on double-tax between the two countries; inter-governmental, border and historian commission meetings were held. Bilateral trade relations developed especially well. The volume of investments has increased, notes the ministry.

On Thursday, January 24, the Saeima will hold annual external-political debates, which the Foreign Minister will attend.

Ref: 102.109.109.5800


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