On Friday, 4 November, Latvia’s Prime Minister Maris Kucinskis met in Riga with Prime Minister of the People’s Republic of China Li Keqjang, who arrived in Riga on his first official visit to Latvia.
During their meeting, Maris Kucinskis and Li Keqjang discussed matters related to the cooperation between Latvia and China in the fields of transports, logistics, trade, tourism and education, as reported by the prime minister’s press-sectary Andrejs Vaivars.
Kucinskis said relations between Latvia and China have the potential to expand in every area. He also expressed satisfaction that multiple cooperation agreements will be signed during the visit of the Chinese prime minister to ensure development of future cooperation.
At the same time, Kucinskis emphasized that Latvia is ready to cooperate with China in the realization of a transit project, attraction of investments from China to ensure development of infrastructure of Latvian ports and development of strategic partnership with ariBaltic and Riga International Airport.
Latvia also supports China’s One Belt, One Road initiative and Three Seas initiative. «I am happy that we will sign a comprehensive memorandum on cooperation in the One Belt, One Road initiative today,» – said Kucinskis.
He added that Latvia currently puts a lot of effort into harmonize Latvia’s transit and logistics industry to modern trends in global logistics to ensure diversification of transit cargoes. As an example, Kucinskis mentioned that using Latvia for distribution of goods in Europe would allow China to offer its goods 5-6% cheaper, which would mean major competition advantages for China and Latvia.
After their meeting, Kucinskis and Keqjang took part in the ceremony for the signing of six inter-governmental agreements. They signed the memorandum for cooperation in the New Silk Road initiative, the memorandum on cooperation between think tanks, the memorandum on improvement of cooperation in tourism, the memorandum on cooperation in the field of small and medium-sized companies, the agreement on use of import certificates, as well as the memorandum on cooperation as part of the One Belt, One Road initiative.
The Chinese prime minister will remain in Latvia on his official visit until Sunday, 6 November.