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Future lies in the Baltics

  • 2012-11-14
  • From wire reports

TALLINN - At the Nov. 8 conference on the Strategy for the Baltic Sea Region in Tallinn, Estonian Foreign Minister Urmas Paet said that the Estonian economy and the country’s well-being depend greatly on the situation in other Baltic Sea region states and how well “we work together,” reports LETA.

“It is important for all of us to achieve an increase in the visibility and competitiveness of the Baltic Sea region and guarantee the movement of people, goods, services, and knowledge throughout the whole region with no obstacles,” said Paet.
The Foreign Minister stated that Estonia’s relations with countries in the Baltic region have become closer year by year. This is clear when looking at our foreign trade partners and the investments going into and out of Estonia.

“For example, in the first eight months of 2012, 13.5 percent of Estonia’s exports went to Latvia and Lithuania and 36.5 percent went to the Nordic countries,” said Paet.