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President of Latvia Raimonds Vējonis emphasises the role of Latvia as a centre of excellence in logistics in the New Silk Road at the regional meeting of the World Economic Forum in China

On Wednesday, 19 September 2018, President of Latvia Raimonds Vējonis participated in the World Economic Forum’s 12th Annual Meeting of the New Champions (Summer Davos) in Tianjin, People’s Republic of China.

Latvia offers an excellent digital infrastructure, by developing a 5G mobile network as well. “Good infrastructure, including digital connectivity, is important, but its efficient use and the creation of new services through are even more important. The availability of good technologies and digital skills are also essential, but the fact that public authorities and entrepreneurs should use them as much as possible, especially small and medium-sized ones, is crucial,” stated Raimonds Vējonis at the working session devoted to the development of the New Silk Road.


“Latvia proudly demonstrates the second best indicator among the OECD countries (after Finland) regarding mobile data consumption per SIM. The availability of good services and favourable prices facilitate that. However, development of the Internet of Things requires building a 5G network,” outlined the President of Latvia.


The President Latvia noted that a multi-billion-euro high-speed railway project Rail Baltica would provide an excellent opportunity to establish Latvia as a centre of excellence in logistics. After becoming one of the most critical connecting points of different gauge widths between Europe and the CIS countries, Latvia will have new opportunities to integrate into the New Silk Road routes and logistics chains even more efficiently. Latvia has all the prerequisites for creating a unique added value in logistics, information technology, and telecommunications,” stressed the President of Latvia when addressing the regional meeting of the World Economic Forum in China.


Likewise, Latvia as a small country has the opportunity to be more flexible and offer faster solutions in both public administration and business. For several years now, we have been using electronic means for the communication of the state administration. For the operation of a centre of excellence in logistics, well-educated, multilingual, and customer-friendly people are the key to success, who are continually improving their knowledge throughout their life. Constant attention must be paid to investments in education and improvement of professional skills.


President of Latvia Raimonds Vējonis pays a working visit to People’s Republic of China from 15 September to 20 September 2018. During this visit, the President of Latvia met with President of China Mr Xi Jinping, the management and students of the Beijing International Studies University, representatives of the Latvian diaspora, and he gave an interview to the China Central Television (CCTV). At the end of his visit, the President of Latvia will meet with Premier of the State Council of China Mr Li Keqiang.