Trade talks take place in Rīga

On June 10 and 11, the Trade Policy Committee of the EU Council held an informal meeting in Rīga, according to a release from the Latvian Ministry of Foreign Affairs.

The meeting brought together trade experts from Austria, the Czech Republic, Denmark, Croatia, Estonia, Finland, Germany, Ireland, Luxembourg, Malta, the Netherlands, and Sweden as well as Latvia.

The Trade Policy Committee of the EU Council is responsible for issues related to the EU’s trade relations with third countries, including trade in goods and services, the commercial side of intellectual property rights, aspects of international public procurement and foreign direct investment rules.

"Participants discussed the impact of geopolitics on free trade and the effective design and application of trade policies at the national and EU level," said the MFA.

Representatives of the Member States continued discussions on the future of EU trade policy which started at the Foreign Affairs Council Common Commercial Policy meeting on 30 May, with a view to finding a new balance between promoting economic resilience and efficiency that avoids supply chain risks in EU trade flows.

“In order to strengthen the competitiveness of EU companies, it is important to promote coherence between EU internal and external policies, especially in the context of geopolitical priorities,” said Alise Balode, Director General of the Economic Relations, Trade and Development Cooperation Directorate.

During their visit, the trade experts also visited the Draugiem Group office in the Torņakalns suburb of the Latvian capital, where they had the opportunity to learn more about Latvian business success stories. Representatives from Mapon, DeskTime and Roadgames shared their export experiences in the international market. 


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