Foreign Minister: Economic cooperation between Latvia and Japan holds great potential

10.07.2018. 18:13

On 10 July 2018, the Minister of Foreign Affairs, Edgars Rinkēvičs, met with the Chairman of the Japan-Latvia Parliamentary Cooperation Group, Nakasone Hirofumi, to discuss bilateral cooperation and cooperation in international formats. The officials also shared views on business contacts between the countries, with a special focus on transport and logistics.

Edgars Rinkēvičs noted that bilateral cooperation in economy, culture and education was dynamic and constructive. The officials stressed the significance of the Latvian Prime Minister’s visit to Japan in December 2017 and the visit to Latvia by the Prime Minister of Japan this past January, which have lent powerful impetus to strengthening cooperation. 

The conversation highlighted potential benefits to Latvian businesses from the EU-Japan Economic Partnership Agreement to be signed in the near future. After the signing of the EU-Japan EPA, Latvian companies will benefit from a comprehensive elimination of import and export duties and removal of non-tariff barriers in Japan.

The officials confirmed their wish to continue an active political dialogue.

During the meeting, the parties exchanged opinions concerning developments in North Korea and expressed satisfaction at sharing the same point of view on the desirable measures to resolve the situation in the peninsula.

Nakasone Hirofumi, Chairman of the Japan-Latvia Parliamentary Cooperation Group, is on a visit in Latvia from 7 to 11 July. He will meet with the Speaker of the Saeima (the Latvian Parliament), the Prime Minister, the Chairman of the Group for Interparliamentary Relations with Japan, as well as businesses and education institutions.

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