EU membership gives Latvia access to largest network of global trade agreements with more than 70 partners

  • 2024-05-09
  • LETA/TBT Staff

RIGA - EU membership gives Latvia access to largest network of global trade agreements with more than 70 partners, LETA learned from the Foreign Ministry.

The ministry explained that it is based on open, free and fair trade. Entrepreneurs have new opportunities for exports, investments, as well as access to raw materials. Consumers, on the other hand, have a comprehensive range of goods and services. We also have protection against unfair competition.

The ministry said that EU membership is not just a geographical designation. Membership is an indication of our commitment to common European values and to standing together with countries that respect and protect human dignity, advocate for human rights, freedom, equality and solidarity. Solidarity with Ukraine in its fight for freedom, democracy and a rules-based international order.

In the field of foreign affairs, after 20 years, we welcome the opportunities that Latvia has been provided with upon joining the European Union. Membership of the European Union gives us access to the largest network of global trade agreements with more than 70 partners. 

Latvia has evolved from a beneficiary country into a donor – for global security and sustainability. In 20 years, development cooperation funding has increased to EUR 131 million in 2023. Latvia participates in large-scale EU-funded development cooperation projects and activities. Ukraine has been a key priority in Latvia’s development cooperation, providing it with valuable experience and knowledge, which comes in very useful to Ukraine on its path to the EU. The overall EU support to Ukraine totals EUR 144 billion.

If we find ourselves in emergency situations while travelling abroad, we can receive assistance in a diplomatic mission of another EU Member State in a country where Latvia does not have its own mission. If a personal identification document has been lost, we may receive a temporary travel document at the representation of any EU Member State in a country where Latvia is not represented diplomatically.

By exercising our civic duty and making a political choice, we can participate in the European Parliament elections on June 8 at 50 polling stations, both in the EU and beyond.