Last week, the Ministry of Transport of Latvia and companies from the transport sector took part in the China International Logistics Week in Xi’an. One of the most important events was the International Logistics Exhibition ‘China Western International Logistics Expo 2019, during which the Freeport of Riga signed a cooperation agreement with the Port of Qingdao in China.
The target of signing the cooperation agreement is to enable the partnership between the two ports in trading, logistics and business.
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It is also expected to improve cooperation and the exchange of experience in fields such as port planning and development, port management, information technologies, environmentally-friendly solutions, and employee training.
Gundars Ābols, Chairperson of the Board at LDz loģistika, admitted that all players in the transport and logistics sector will benefit from the agreement, adding that:
Last autumn, we transported cargo by rail directly from the City of Xi’an to the Port of Riga. After signing this agreement, we can hope for new cargo flows in future
The Port of Qingdao is one of the ten largest ports worldwide in terms of cargo turnover. In 2018, it was ranked 8th in the world with respect to container cargo turnover.
Until now, the Port of Qingdao had not had any partnerships with a port in this region. For this reason, Li Fengli, Chairperson of the Board of the Port of Qingdao said that he is convinced that the signing of this agreement with the Freeport of Riga can serve as a good start for fruitful cooperation in the future.
