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Invitation to the trade tour

to Latvia for

the Japanese companies

“Building Connections and Synergies During and After the Brexit”

 

May 18 - 19, 2017

We cordially invite you to participate in the trade tour “Building Connections and Synergies During and After the Brexit” for the Japanese companies. At the trade tour you will meet a number of Latvian government officials and entrepreneurs and will be able to discover new business and investment opportunities in Latvia. You will also have an opportunity to visit foreign companies, manufacturers and service providers operating in Latvia.

Japan is an important investor and trading partner of the EU, including Latvia and the UK. Just like Japan, Latvia advocates for a strong continuing political and economic relationship between the EU and UK after the Brexit. The Government of Japan has requested the UK and the EU to safeguard interests of Japanese companies throughout and after the Brexit. As the uncertainty of the outcome of UK-EU negotiations continues, companies based in UK prepare for various eventualities. With that in mind, Latvian government and the private sector is interested to explore the possibilities for building mutually beneficial synergies with Japan and its UK based companies. Latvia has a lot to offer. Here are just a few points:

  • Business-friendly environment – Latvia provides a sense of confidence for foreign investors and currently ranks 14th in the Ease of Doing Business Report (2017) by the World Bank and the IBRD, as well as just becoming a full member of the OECD. Latvia has a relatively low tax-rate allowing foreign companies spend a smaller proportion of their profits on taxes, which was recently confirmed by the annual overview Paying Taxes 2017 by PricewaterhouseCoopers. Furthermore, the Index of Economic Freedom (2017) that measures the impact of liberty and free markets, has placed Latvia among the top 20 of the world’s most free economies.
  • World-class IT infrastructure – according to Akamai’s most recent State of the Internet report, Latvia ranks in the top 10 countries globally by average measured and peak connection speeds, as well as in terms of high broadband connectivity. Moreover, the country is the European leader of fiber-optic networks and the half of the households in Latvia have the optical internet connections.
  • Major Northern Europe's logistics hub – Latvia is the a leading transport and distribution center with 3 non-freezing international free ports, which are conveniently linked with the West while road and rail network is integrated with Russia and CIS countries. Thus, it comes as no surprise that Latvia is a coordinating country in the logistics for the Central and Eastern European countries and China in the  “16+1” format aiming to facilitate development of Trans-Eurasian supply chains and logistic sectors of all involved countries.
  • Highly qualified and cost-efficient workforce with excellent language skills - 70% of people under age 40 speak English and over 85% of Latvians speak Russian as their second language. Latvia is one of the European leaders in terms of high wage adjusted labour productivity in a number of sectors.

Date: May 18 - 19, 2017. Please be advised to arrive in Riga on the previous day

Language of the event: English

To apply please click here or contact:

Ms Alise Pīka, Deputy Head of LIAA Representative Office in the United Kingdom

Address: 45 Nottingham Place, London, W1U5LY, United Kingdom
Phone: +44 2073120042
Mobile phone: +44 7514529664
E-mail: alise.pika@liaa.gov.lv

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