PM at trade fair ahead of Merkel meeting

On Thursday Prime Minister Māris Kučinskis opened Latvia’s national stand at the world’s most important industrial trade fair in Germany, Hannover Messe.

“I am very pleased with the Latvian companies that have made significant progress through participation in the Hannover Messe,” said Kučinskis.

"Participation in the fair is a great tool to build a positive image for the Latvian economy abroad. I hope that this year the exhibition will also serve as an invaluable platform for the exchange of experiences in business, for the establishment of new business contacts and, finally, for turning ideas into real projects in near and more distant markets," said Kučinskis.

It is hoped economic relations between Latvia and the powerhouse of the European economy an be further developed, with German investors playing a key role in the Baltic states and the German market an important one for Latvian exports.

In 2015 Germany ranked third among foreign trade partners of Latvia and it is one of the major markets for Latvian engineering and metalworking products.

Mechanical engineering products, electric appliances, metal products, and vehicles account for 27% of Latvian exports to Germany.

There are currently more than 1,200 active enterprises with German capital in Latvia, the largest investment of German capital, €30.6 million, being fiber-glass company JSC Valmieras stikla šķiedra. 

During the visit to the fair, the Prime Minister met Latvian and German entrepreneurs and visited the US stand, which is the official partner of Hannover Messe.

On Friday, he meets chancellor Angela Merkel.

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