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Latvian businessmen should strategically develop in China

Frank-Jurgen Richter. Photo: wikipedia.
 RIGA, Nov 27 - It is believed that if a company wants to develop, it must operate also on the Chinese market. Therefore Latvian businessmen should consider strategically developing in China, International organization "Horasis" Chairman Frank-Jurgen Richter said in an interview with "Nozare.lv".

Richter explained that the International China Business Forum, which was held in Riga yesterday, was organized by "Horasis" for the eighth consecutive year. All previous forums were organized in Western Europe. This time, Chinese businessmen were interested in visiting Eastern Europe, perceiving the region as a strategic market. Latvia's in interesting with its ports, railway and is like a bridge between the East and the West, added Richter.

With the forum, Latvia was marked on the maps of Chinese businessmen as a place for potential business activities. Some businessmen even expressed specific plans to invest in Latvia's real estate, tourism, hotels. However, tangible results will be seen only in a while, explained Richter.

He also added that Latvia has great opportunities to invest in or export to China. "China could be interested in Latvia's wood-processing and IT companies. Chinese and Latvians could also cooperate in transport and logistics, namely Chinese businessmen could invest in Latvia's infrastructure, Latvian businessmen - in China. One day, perhaps, Latvian national airline "airBaltic" will fly to Beijing, carrying Chinese investors and tourists, said Richter.

As reported, the International China Business Forum brought together 400 business leaders - China’s entrepreneurs and their foreign cooperation partners - in Riga yesterday.

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