Latvia hopes to attract more Chinese investments, customers

Global Business

Latvia hopes to attract more Chinese investments, customers

Latvia faces challenges to export its agriculture products since its relationship with Russia soured.

Many are fishing for new customers, and China is one of them. CCTV’s Guy Henderson reports.

Latvia hopes to attract more Chinese investments, customers

Latvia hopes to attract more Chinese investments, customers

Latvia faces challenges to export its agriculture products since its relationship with Russia soured. Many are fishing for new customers, and China is one of them. CCTV's Guy Henderson reports.

When the European Union slapped sanctions on Russia – Gamma A lost half of its business almost overnight. Since then, the company has been fishing for new customers – a deal with a Chinese supplier has been an important catch. But not enough to make up for the shortfall.

Indeed, more generally Latvian companies have struggled to service such a huge Chinese market. Exports to China were up less than one percent last year while imports from there increased by more than 17 percent.

As leaders gather in the capital Riga for a regional summit with China, experts hope a number of big infrastructure deals could give companies here easier access to new markets.

That believes Gamma which is would help its business and many others like it.