Foreign Minister: Latvia is a safe environment for Canadian investments and entrepreneurs

23.02.2017. 20:14

On 23 February, during a working visit in Riga, the Minister of International Trade of Canada, François-Philippe Champagne, had a meeting with the Foreign Minister of Latvia, Edgars Rinkēvičs, during which the officials discussed the strategic partnership between Latvia and Canada, possibilities to promote mutual trade, especially considering the benefits of the Comprehensive Economic and Trade Agreement (CETA) between Canada, of the one part, and the European Union and its Member States, of the other part. Starting the provisional implementation of CETA provides a great impetus to the search for new ways of intensifying economic cooperation.

“We are interested in the provisional implementation of CETA as soon as possible, as well as in its rapid ratification, in order to implement the agreement to its full extent. This agreement will provide opportunities, especially for our small and medium-sized companies, to enter new markets, create new jobs. Latvia is a safe environment for investments and for Canadian entrepreneurs,” Edgars Rinkēvičs noted.

The Minister of International Trade of Canada congratulated Latvia as the first member state of the European Union which has ratified CETA. François-Philippe Champagne indicated that the Agreement provides stability, predictability, welfare and security. It is a great step forward in our partnership.

Both ministers also concluded that it is important to explain the benefits and opportunities of CETA to society. Both parties agreed that the economic cooperation between Latvia and Canada has a great potential and it would be useful to include business delegations in exchange visits between officials of both countries. It is no less important that Latvia is now promoting the Canadian company Bombardier around the world.

During the visit, François-Philippe Champagne also met with the Prime Minister Māris Kučinskis and the Minister for Economics Arvils Ašeradens. The Minister of International Trade of Canada attended the Saeima session, where both CETA and the Strategic Partnership Agreement between the European Union and its Member States, of the one part, and Canada, of the other part/SPA, were approved in the final reading.

 


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