On Thursday, April 26 in Warsaw (Poland) Prime Minister Valdis Dombrovskis will participate in the meeting of the Prime Ministers of 16 Eastern and Central European countries and China. The main topic – promotion of economic cooperation between Europe and China.
V.Dombrovskis will participate in the opening of the business forum held within the framework of the meeting of the Heads of Government of Eastern and Central European countries and China. During the forum, the experts and entrepreneurs will analyse China's investments on global and regional scale, the potential for cooperation between the countries and will discuss the role of modern technologies in economic development and other aspects related to promotion of business cooperation.
On April 26, the Prime Minister will also have a bilateral meeting with Wen Jiabao, Prime Minister of the People's Republic of China. It is planned that during the meeting, the procedure of the Global China Business Meeting will be discussed. This annual high-level meeting of Chinese and European entrepreneurs will be held in Rīga in November 2012. The Prime Ministers will also discuss the opportunities to enhance the economic and business cooperation between Latvia and China as well as other current issues.
The Prime Minister will return to Latvia on April 26.
About the Global China Business Meeting:
The forum has been held annually since 2005 with participation of around 400 participants. Seven forums have been held so far – the last was held in November in Valencia (Spain). The event is organized by Horasis – an independent international organization which identifies globally important aspects in entrepreneurship and develops solutions for long-term development. Latvia has assumed the role of co-organizer. More detailed information about the forum: http://www.horasis.org/event_china_2012.php
Indicators of trade between Latvia and China:
In 2011, the export volume to China amounted to EUR 47.9 million that is by 104.7% higher than in 2010, while the import volume to China increased by 37.7%, amounting to EUR 330.0 million. The total trade turnover with China (EUR 377.9 million) has increased by 43.7% higher than in 2010. China ranks the 14th among the foreign trade partners of Latvia. Currently, the main export commodities are metals and their products, mineral products, machinery and mechanical appliances, while the main services – transport.
Press Secretary to the Prime Minister
Phone: +371 67082865 / +371 26556965
Information prepared by:
Consultant of the Communication Department
Phone: +371 67082922 +371 67082922