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Monday 19.02.2018 | Name days: Zane, Zuzanna
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PM tells about Latvia’s advantages in Latin America

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Valdis Dombrovskis

Last week, during the Community of Latin American and Caribbean States (CELAC) in Chile PM Valdis Dombrovskis noted Latvia’s advantages as a reliable and stable partner.

Dombrovskis noted that, even though Latvia suffered the most during the crisis, Latvia became the most rapidly growing economy in Europe not only thanks to its reduction of expenses and increase of taxes. “Structural reforms and the increase of efficiency in all sectors – these are the factors that helped Latvia restore its international competitiveness. This is why I now call Latin American partners to evaluate opportunities in Latvia for bilaterally beneficial investments and production,” – said Dombrovskis.

During the summit, the PM met with Germany’s Chancellor Angela Merkel to discuss the preparation of financial perspectives of the next long-term EU budget of 2014-2020, as well as to clarify Latvia’s position in terms of cohesion funding and direct agriculture payments, as reported by PM’s press-secretary Martins Panke.

Dombrovskis also met with France’s PM Jean-Marc Ayrault to discuss Latvia’s goals related to Latvia’s joining of Eurozone in 2014. Dombrovskis told his French colleague that Latvia has been following all Maastricht criteria since 2012, as well as plans to turn to the European Commission with a request to prepare a convergence report to formally begin the joining process.

Furthermore, the head of the Latvian government met with Brazilian Foreign Minister Antonio Patriota. Dombrovskis once again confirmed Latvia’s wish to sign a bilateral agreement with Brazil to avoid double taxing. The Brazilian Foreign minister expressed interest about opportunities of Brazilian students receiving higher education in Latvia in English. Dombrovskis, on the other hand, confirmed that Latvia is ready to participate in the “Science with no borders” program. AS part of this program, the Brazilian government is ready to provide 100 000 bursaries to its students to study at foreign universities.

During the visit, the plans to exchange embassies between Latvia and Brazil were also discussed. The PM also invited the President of Brazil Dilma Resseff to visit Latvia.

Given the EU’s goals to restore competitiveness in global economy, one of the more strategically important directions is close cooperation with the most rapidly growing world regions, including South America. The summit is held every two years. This year’s summit has 60 presidents and prime ministers attending it, including German Chancellor Angela Merkel, Finnish Prime Minister Jyrki Katainen, Estonia’s Prime Minister Andrus Ansip, Austrian Chancellor Werner Feymann and European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso.

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