WASHINGTON, Oct. 16, 2025 /PRNewswire/ — The Republic of Latvia has taken a big step to make bigger its financial and industry presence in the US with the signing of a strategic cooperation guarantee between the Funding and Building Company of Latvia (LIAA) and the Latvian-American Chamber of Trade (LACC). The guarantee establishes Latvian trade illustration throughout 29 U.S. states and deepens collaboration between Latvia and the U.S. in defence innovation, power, and virtual applied sciences.
The Republic of Latvia has taken a big step to make bigger its financial and industry presence in the US with the signing of a strategic cooperation guarantee between the Funding and Building Company of Latvia (LIAA) and the Latvian-American Chamber of Trade (LACC).
The announcement used to be made all over the “Spotlight Latvia” convention in Washington, D.C., held as a part of Latvia’s reliable industry challenge to the US. The development accrued U.S. and Latvian trade leaders, traders, and policymakers to speak about alternatives for cooperation in high-value sectors essential to each economies.
“While Latvia might seem small on the map, it is grand in talent, know-how, and the development of ground-breaking technologies,” mentioned Valdis Dombrovskis, Eu Commissioner for Economic system and Productiveness.
“By our history, our people, and the value we place on the transatlantic relationship, Latvia is uniquely positioned to serve as a bridge between the European Union and the United States. Together, we can turn shared challenges in defence, clean energy, and digital innovation into opportunities that strengthen both our security and economic resilience.”
This fresh cooperation framework with the Latvian-American Chamber of Trade is an finest instance of the way Eu and American companies can come in combination in order larger safety and financial resilience on all sides of the Atlantic.
All the way through the convention, Latvian Minister of Economics Viktors Valainis emphasized that the fresh guarantee lays the groundwork for nearer collaboration and tangible economic expansion: “Through this partnership, Latvia now has business representation in 29 U.S. states — a milestone that will open doors for our companies and investors. Latvian entrepreneurs are ready to export innovative technologies, forge strategic partnerships, and contribute to high-value industries that are important to both our nations.”
Eminent U.S. firms participated, together with Anduril Industries, FedTech, AUVSI, Scout Ventures, Nvidia, Palantir Applied sciences, Meta, Google, AMS Crew, and Imprimatur, reflecting sturdy American passion in partnerships with Latvia’s innovation-driven economic system.
“The agreement with LACC strengthens Latvia’s economic presence in the U.S. market and provides practical, on-the-ground support for our companies in 29 states,” mentioned Ieva Jāgere, Director Common of LIAA. “It allows for more focused collaboration in export development and investment attraction.”
The Highlight Latvia convention additionally featured periods on U.S. federal procurement programs, cybersecurity, defence era, and effort infrastructure. Latvia’s delegation incorporated surrounding enterprises and personal innovators reminiscent of Edge Sovereignty Riga, SAF Tehnika, BELSS, Oruga, and MN TECH.
The industry challenge used to be organised via the Ministry of Economics of Latvia and LIAA, in cooperation with the Embassy of Latvia in Washington, D.C. and LACC, and co-funded via the Eu Regional Building Charity.
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SOURCE The Funding and Building Company of Latvia (Latvijas Investīciju un attīstības aģentūra)
