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Thursday, 25.04.2024, 14:46
Kucinskis sees potential for closer economic cooperation between Latvia and Japan
Photo: mk.gov.lv |
During the meeting, Kucinskis and Abe discussed the close political and
economic relations between Latvia and Japan, the two countries' cooperation at
international organizations, and the geopolitical situation in the world.
Latvia, a member of the European Union, eurozone, NATO, and the Organization
for Economic Cooperation and Development (OECD), is a trustworthy ally to Japan
at the international arena, emphasized Kucinskis.
Economic development was the main theme of the meeting. Kucinskis said he
was pleased that Latvia and Japan had earlier this year signed a convention for
the avoidance of double taxation and the prevention of tax evasion, and the
convention would come into force in the near future. This year, Latvia is the
second-fastest-growing economy in the OECD, added Kucinskis.
Kucinskis stressed that he was accompanied by a large business delegation,
which also included representatives of companies working on new IT solutions.
"Latvia is a Northern Europe country with one of the fastest-growing
economies in the EU. We see there is potential for Latvia and Riga to become
innovation transfer and technology platform in the region," said
Kucinskis.
Kucinskis also noted Latvia's readiness to cooperate in freight transit and
distribution. There is a lot of potential for Latvian-Japanese cooperation in
such areas as transport, logistics, tourism, development of solutions and
products. Latvia handles the largest freight amounts in the Baltic countries,
and Latvian ports may become the logistics and distribution center for Asian freights,
Kucinskis told Abe.
"Together, we wish to develop a modern and effective logistics
network, based on Internet of things, as well as modernize the postal network
and develop cooperation in cross-border e-commerce," said Kucinskis.
The officials discussed the Japanese-EU free trade agreement, with
Kucinskis pointing out that Latvia supported liberal trade policies, which
benefit businesses and residents. Kucinskis and Abe also talked about the
developments in Europe and the world, in particular about Great Britain's
withdrawal from the EU.
Kucinskis informed Abe that Latvia would celebrate its centenary next year,
and invited the Japanese premier to visit Riga for the celebrations.
As reported, Kucinskis' visit to Japan will continue through December 9.
Kucinskis will later have meetings with Japanese Land, Infrastructure,
Transport and Tourism Minister Keiichi Ishii, Economy, Trade and Industry
Minister Hiroshige Seko, and members of Latvian-Japanese parliamentary
cooperation group.
Kucinskis will also participate in forums on Latvian-Japanese economic
cooperation development, organized by Japan External Trade Organization and the
Fintech Center of Tokyo (FINOLAB). He will meet with the heads of several
Japanese business associations and major companies.