Latvia aims to use BRI to lure Chinese investors

Latvian ambassador sees potential on trade and cooperation in several sectors including agriculture, food processing, IT and biomedicine and tourism.

Latvia welcomes Chinese institutional and individual investors to strengthen the trade link between both countries under the Belt and Road initiative, Latvia's ambassador said today in Shanghai.

Trade volume between China and Latvia has grown 10 percent annually in recent years. The two countries have great potential on trade and cooperation in agriculture, food processing, information technology and telecommunications, biomedicine, culture, education and tourism, said Ambassador Maris Selga.

Latvia has also issued bonds, authorized by its central bank, to attract Chinese investors who can enjoy benefits like being granted visas through investments in the European Union. Latvia has also set up a new office in Shanghai to attract local investment.

Zhu Shenshen / SHINE

Latvian Ambassador Maris Selga says his country wants Chinese investment.

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