Title: Navigating Uncertainty: Opportunities and Challenges for Latvia–U.S. Economic Relations
Publication type: Policy Review
Author: Nathaniel Fagelson
This policy brief examines the economic relations between Latvia and the United States at a time when technological change, geopolitical uncertainty, and shifts in international trade are reshaping the global economy. It assesses bilateral economic cooperation and its importance for Latvia’s competitiveness and export growth, drawing on publicly available data and interviews with representatives from business, government, and non-governmental organisations.
At the heart of the report is the finding that the economic partnership between Latvia and the United States has yet to reach its full potential. Although bilateral economic ties have strengthened in recent years, Latvia still has significant opportunities to expand exports, attract investment, and deepen cooperation with one of its most important strategic partners.
Particular attention is devoted to Latvia’s export and investment trends, comparisons with the other Baltic states, and opportunities for cooperation in sectors such as defence, energy, advanced manufacturing, and digital services. The report provides a data-driven assessment of Latvia’s current position and explores the prospects for further strengthening Latvia–U.S. economic relations.