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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 23:41

Ambassador: Latvian businessmen to benefit from TTIP

BC, Riga, 26.11.2015.Print version
Businessmen in Latvia will benefit from the pending Transatlantic Trade and Investment Partnership (TTIP), as the Latvian Ambassador to the United States Andris Razans said in an interview with LETA.

The biggest advantage of the TTIP is that there will be fewer standard inspections, which will reduce costs on both sides.

 

"We have to remember that the European Union is Latvia's largest economic partner. The partnership will foster economic development of both sides, therefore it will also improve the economic situation in the EU," said the ambassador.

 

Likewise, Latvian businessmen, who export their products to Europe will also benefit from the TTIP. The partnership will be in the interests of all companies that export to the EU and United States, or invest in the United States - for instance, Valmieras stikla skiedra (Valmiera Fiberglass), said Razans.






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