Through several days of inspection, negotiation, and alignment, Wusu City and Latvia have now established a long-term cooperation mechanism. This includes: establishing a comprehensive business office in Riga, the capital of Latvia, as soon as possible; building a business information and service platform; opening a Wusu industrial and agricultural product exhibition hall; and establishing long-term mechanisms for foreign exchange to lay a better foundation and platform for developing trade with Latvia. Additionally, 150 million yuan will be invested to construct two railway spur lines for the first phase of Hengtong, a highway logistics port, a trading platform, a cotton trading center, and a grain and oil sales center, among other projects, to accelerate the construction of park infrastructure and solidify the foundation for cooperation.
Latvian State Railways is a large state-owned railway company in Latvia with railway lines spanning the entire country. Its wholly-owned subsidiary, LDz Cargo, is the fifth-largest railway freight company in the European Union and the largest in the Baltic states. During the inspection in Wusu, Vice Mayor of Wusu Ma Baoguo, who accompanied the delegation throughout, also witnessed and felt the professionalism and rigorous work attitude of the Latvian side toward the cooperation projects. They even considered every detail of the cooperation and subsequent issues, such as what conveniences could be generated for the local area after the two sides build an international e-commerce platform; and how to fully utilize the logistics location advantages of both places after expanding the scope of cooperation, explore the construction of international e-commerce, build a new platform for export-oriented economic development, and gradually form a new pattern of international e-commerce development characterized by interconnected international policies, bank-enterprise connectivity, smooth trade, and currency circulation.
