At the summit, a high-level plenary session is scheduled, with the adoption of the final document entitled “Dubrovnik Guidelines”. After the plenary session, a formal ceremony will be held for signing of bilateral agreements and memorandums of understanding, in which Latvia will sign a Memorandum of Understanding between the Investment and Development Agency of Latvia (LIAA) and the municipality of the city of Ningbo in China on e-commerce cooperation.
At the same time as the summit of 16+1 Heads of Government, the 9th Business Forum of Central and Eastern European countries and China (16+1) will be held, with eight Latvian participants registered for it.
The cooperation format for Central and Eastern European (CAE) countries and China (16+1) aims to activate Chinese cooperation with 11 EU Member States (Bulgaria, Czech Republic, Croatia, Estonia, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, Hungary) and five Balkan countries (Albania, Bosnia-Herzegovina, Macedonia, Montenegro and Serbia) in the field of transport, finance, science, education, culture and other. Latvia's priorities in the 16+1 format are trade, connectivity and life sciences.
The gathering in Dubrovnik comes three years after Rīga played host to the same event - an occasion notable for the announcement of a new 10 billion euro fund which Latvia signed up to, and about which very little has been heard since.
The 16+1 is a Chinese initiative to activate cooperation with 11 EU Member States and 5 Balkan countries (Albania, Bosnia-Herzegovina, Bulgaria, Czech Republic, Croatia, Estonia, Latvia, Lithuania, Northern Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia , Slovenia, Hungary) in the fields of investment, transport, finance, science, education and culture. China is Latvia's largest trading partner in the Far East.