Latvia joins WTO, sets sights on EU

  • 1998-10-22
  • Anastasia Styopina
RIGA - Latvia fulfilled one of its three main foreign policy objectives Oct. 14 when it became the first of the Baltic countries to join the World Trade Organization.With a satisfied smile, Foreign Minister Valdis Birkavs told reporters that WTO membership may boost Latvia's GDP by 1 to 1.3 percent because it ensures lower customs tariffs and the inflow of foreign investment and forbids discrimination against Latvian goods on the world market. He said it also means another step toward the European Union.Foreign Ministry spokesman Toms Baumanis put it this way: "The WTO guarantees fair comp...
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