Business Forum 2016

Connectivity, Innovation, Inclusiveness and Common Development


On 5 November, Riga hosted the annual Meeting of Heads of Government of Central and Eastern European Countries (CEEC) and China in the 16+ 1 format, chaired by the Prime Minister of Latvia Māris Kučinskis. Within this meeting from November 4-6, the Investment and Development Agency of Latvia held an international business forum to honour the growing cooperation between China and Central and Eastern Europe.

The Forum covered the broad and captivating perspectives of cooperation, paying close attention to various aspects of exciting nature of entrepreneurship in 21st century. During the panel discussions experts revealed the importance of transport and logistics, investment and finance, trade, tourism and lifestyle, industrialization and sustainable development in the context of 16+1 initiative. In addition to attending the plenary sessions and discussions on the opportunities for cooperation between Chinese and foreign companies in various sectors of the economy, Forum participants also had a chance to establish direct contacts with potential business partners from other countries. In addition to the Forum participants, the opening ceremony was also attended by prime ministers and members of official delegations of China, Latvia and the other 15 countries, as well as the Prime Minister of Belarus, attending the Summit.

Deputy Prime Minister, the Minister of Economy of Latvia Arvils Ašeradens and the Minister of Commerce of the People’s Republic of China Gao Hucheng opened the Forum by welcoming everybody. The prime ministers of Latvia and China, Māris Kučinskis and Li Keqiang respectively during their speeches welcomed the ongoing 16+1 format country operators, openness for cooperation. They stress that the economic boom in one part of the world can make a positive impact on the economy in another, positively influencing the entire world economy, and encouraged participants to use the opportunities for cooperation offered by the16+1 format.

The Business forum gathered just about 1,000 business leaders and high-level officials from China and 16 Central and Eastern European countries – Latvia, Lithuania, Estonia, Poland, the Czech Republic, Slovakia, Slovenia, Hungary, Bulgaria, Romania, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Macedonia and Albania.

Latvia also hosts the Secretariat for coordination of logistics and transport and is the coordinator of the transport sector in the 16+1 format. The 16+1 format involves cooperation between China and 16 Central and Eastern European countries: Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Slovenia, Hungary, Romania, Bulgaria, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, the former Yugoslav Republic of Macedonia and Albania. The mission of the format is to work for the intensification of cooperation in the field of investments, transport, finance, science, education, and culture.

Contact for Business forum

Ms Agnese Žagata
Investment and Development Agency of Latvia

Phone: +371 67039459