Political relations
The Republic of Serbia has traditionally good and friendly relations with the Republic of Latvia, with a commitment to further promotion and development of bilateral cooperation in political, as well as economic, cultural and other areas of mutual interest. It is important that Latvia continuously supports the European aspirations of Serbia.
The visit of the Minister of Foreign Affairs of the Republic of Latvia E. Rinkevics to the R. of Serbia on January 31, 2022, contributed to the intensification of the political dialogue. During the talks with Serbian officials, mutual interest in reviving the exchange of visits of officials in the upcoming period was stated. During the visit, a Memorandum of Understanding on Cooperation between the MFA of the R. of Serbia and MFA of the R. of Latvia was signed. Serbian MFA N. Selaković and Latvian MFA E. Rinkevics had a meeting on the sidelines of the UN General Assembly session in September 2021. Former First Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Serbia Ivica Dačić visited Riga 9-10 December 2014, and the Latvian Minister of Foreign Affairs Edgars Rinkevics Belgrade on 21-22. April 2015.
Economic cooperation
Economic cooperation is of a modest scope and takes place exclusively through trade. In 2021 trade amounted to 19.87 milion of euros (exports 12.12 milion of euros, imports 7.74 milion of euros). In 2020, exports to Latvia amounted to about 8.4 million euros, and imports 6.23 million. Euros (total exchange amounted to 14.63 million euros). Latvia ranks 42nd on the list of countries with the largest investments in Serbia for the period from 2010 to June 2021 in the amount of 13.1 million euros. According to the NBS, the state of foreign direct investment from R. of Latvia at the end of 2020 amounted to 4 million euros.
Bilateral agreements
Six bilateral agreements are in force, and the following stand out in terms of their importance:
Agreement between the Council of Ministers of Serbia and Montenegro and the Government of the Republic of Latvia on the avoidance of double taxation with respect to taxes on income and property; and
Agreement between the Government of the Republic of Serbia and the Government of the Republic of Latvia on international road traffic.
Contact information
The Embassy of the Republic of Serbia in Stockholm (Sweden): http://stockholm.mfa.gov.rs/index.php.
The Embassy of the Republic Latvia in Athens (Greece): https://mfa.gov.lv/en/greece.
Ministry of Foreign Affairs of the Republic of Serbia – Department for Europe (DE)
tel. 00 381 (0) 11 30 68 326; e-mail: oev@mfa.rs.