Latvia

Wikipedia Country Information

Latvia (; Latvian: Latvija [ˈlatvija]), officially the Republic of Latvia (Latvian: Latvijas Republika), is a country in the Baltic region of Northern Europe, one of the three Baltic states. It is bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast, as well as a maritime border to the west alongside Sweden. Latvia has 1,957,200 inhabitants and a territory of 64,589 km2 (24,938 sq mi). The country has a temperate seasonal climate.
Latvia is a democratic parliamentary republic established in 1918. The capital city is Riga, the European Capital of Culture 2014. Latvian is the official language. Latvia is a unitary state, divided into 119 administrative divisions, of which 110 are municipalities and 9 are cities.
Latvians and Livs are the indigenous people of Latvia. Latvian and Lithuanian are the only two surviving Baltic languages. Despite foreign rule from the 13th to 20th centuries, the Latvian nation maintained its identity throughout the generations via the language and musical traditions. Latvia and Estonia share a long common history. As a consequence of centuries of Russian rule (1710–1918) and later Soviet occupation, both countries are home to a large number of ethnic Russians (26.9% in Latvia and 25.5% in Estonia), some of whom (14.1% of Latvian residents) have not gained citizenship, leaving them with no citizenship at all. Until World War II, Latvia also had significant minorities of ethnic Germans and Jews.
Latvia is historically predominantly Protestant Lutheran, except for the Latgale region in the southeast, which has historically been predominantly Roman Catholic. The Russian population has also brought a significant portion of Eastern Orthodox Christians.
The Republic of Latvia was founded on 18 November 1918. However, its de facto independence was interrupted at the outset of World War II. In 1940, the country was forcibly incorporated into the Soviet Union, invaded and occupied by Nazi Germany in 1941, and re-occupied by the Soviets in 1944 to form the Latvian SSR for the next fifty years. The peaceful Singing Revolution, starting in 1987, called for Baltic emancipation of Soviet rule and condemning the "Stalinist" regime's illegal takeover. It ended with the Declaration on the Restoration of Independence of the Republic of Latvia on 4 May 1990, and restoring de facto independence on 21 August 1991.
Latvia is a democratic and developed country and member of the European Union, NATO, the Council of Europe, the United Nations, CBSS, the IMF, NB8, NIB, OECD, OSCE, and WTO. For 2014, Latvia was listed 46th on the Human Development Index and as a high income country on 1 July 2014. A full member of the Eurozone, it uses the euro as its currency since 1 January 2014, replacing the Latvian lats.


Instruments ratified: 156 / 282
World Average Ratifications: 114 / 282
Ratification rate: 55.32%
World Average Rate: 41.25%
Weighted score: 61.62%
World Average Weighted Score: 41.25%
World rank: 36 / 194
Europe Union rank: 27 / 28
Europe Union Avg. Ratifications: 180 / 282
Northern Europe rank: 9 / 10
Northern Europe Avg. Ratifications: 174 / 282
Transition economy rank: 13 / 28
Transition economy Avg. Ratifications: 141 / 282
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency0/20.00%2.00%8Weak
Conflict of laws0/70.00%3.00%27Weak
E-commerce0/30.00%18.00%70Weak
Franchising0/10.00%0.00%1Average
Leasing/Factoring2/2 (100.00%)100.00%5.00%1Strong
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement0/40.00%3.00%31Weak
Sale of Goods1/5 (20.00%)45.45%25.00%29Strong
Travel contracts0/10.00%3.00%7Weak
Total315.94%9.00%31Strong
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification2/3 (66.67%)100.00%78.00%1Strong
Customs Cooperation3/6 (50.00%)60.00%26.00%4Strong
Exemption from Duties2/9 (22.22%)22.22%30.00%92Weak
Temporary Admission1/11 (9.09%)14.71%28.00%94Weak
Transit2/4 (50.00%)72.73%28.00%17Strong
Total1035.87%31.00%71Strong
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration1/6 (16.67%)25.00%32.00%86Weak
Judicial cooperation5/5 (100.00%)100.00%36.00%1Strong
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction1/4 (25.00%)100.00%14.00%1Strong
State court procedure1/1 (100.00%)100.00%6.00%1Strong
State immunities 1/1 (100.00%)100.00%11.00%1Strong
Total966.00%29.00%20Strong
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air4/5 (80.00%)80.00%86.00%59Weak
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy2/2 (100.00%)100.00%25.00%1Strong
Flora and fauna7/10 (70.00%)76.09%68.00%46Strong
Foodstuff2/2 (100.00%)100.00%79.00%1Strong
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses0/10.00%18.00%36Weak
Maritime and Law of the Sea17/26 (65.38%)72.83%46.00%34Strong
Protected geographical areas 0/10.00%27.00%54Weak
Waste1/1 (100.00%)100.00%93.00%1Weak
Total3576.56%61.00%31Strong
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes0/40.00%8.00%43Weak
Cheques0/30.00%13.00%36Weak
Credit transfers0/10.00%0.00%1Average
International guarantees2/3 (66.67%)54.55%20.00%5Strong
Total214.63%12.00%52Strong
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption3/4 (75.00%)75.00%50.00%6Strong
Cultural Property1/4 (25.00%)31.25%54.00%142Weak
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
Total971.15%68.00%80Weak
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights7/7 (100.00%)100.00%96.00%1Weak
Labour Standards8/8 (100.00%)100.00%86.00%1Strong
Total15100.00%91.00%1Average
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution0/10.00%39.00%77Weak
International Trade Law 9/10 (90.00%)90.00%73.00%34Strong
Trade support institutions4/6 (66.67%)66.67%51.00%56Strong
Total1376.47%63.00%61Strong
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting1/1 (100.00%)100.00%47.00%1Strong
Copyright2/3 (66.67%)90.91%65.00%48Strong
Industrial designs2/2 (100.00%)100.00%31.00%1Strong
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights3/3 (100.00%)100.00%46.00%1Strong
Origin0/30.00%14.00%51Weak
Patents4/5 (80.00%)85.71%57.00%30Strong
Trademarks5/6 (83.33%)95.45%33.00%10Strong
Varieties of plants1/1 (100.00%)100.00%37.00%1Strong
Total1884.21%42.00%21Strong
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes1/2 (50.00%)50.00%39.00%2Strong
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
Total266.67%57.00%2Strong
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources0/10.00%24.00%48Weak
Timber0/10.00%31.00%61Weak
General1/1 (100.00%)100.00%92.00%1Weak
Total138.46%53.00%85Weak
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport4/7 (57.14%)76.19%59.00%54Strong
Aircrafts and civil aviation 5/9 (55.56%)76.00%74.00%80Weak
Maritime shipping and load lines 11/13 (84.62%)94.29%66.00%11Strong
Maritime transport8/12 (66.67%)50.00%27.00%13Strong
Multi modal transport 0/20.00%4.00%15Weak
Rail transport2/3 (66.67%)72.73%22.00%36Strong
Road transport4/4 (100.00%)100.00%31.00%1Strong
Space0/40.00%40.00%120Weak
Telecommunications1/2 (50.00%)83.33%47.00%26Strong
Total3575.00%50.00%21Strong
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General1/4 (25.00%)41.67%30.00%41Strong
Total141.67%30.00%41Strong
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements2/2 (100.00%)100.00%18.00%1Strong
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total3100.00%47.00%1Strong
 
Strong
ContractsLeasing/Factoring
ContractsSale of Goods
CustomsCustoms Codification
CustomsCustoms Cooperation
CustomsTransit
Dispute resolutionJudicial cooperation
Dispute resolutionState court jurisdiction
Dispute resolutionState court procedure
Dispute resolutionState immunities
Environment and productsChemicals
Environment and productsEnergy
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsMaritime and Law of the Sea
Finance, payments and insolvencyInternational guarantees
Good Governance Corruption
Good Governance Organized crime
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationInternational Trade Law
Institutional ParticipationTrade support institutions
Intellectual propertyBroadcasting
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyNeighboring Rights
Intellectual propertyPatents
Intellectual propertyTrademarks
Intellectual propertyVarieties of plants
InvestmentsInvestment disputes
Transport and telecommunicationsAir transport
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOPlurilateral Agreements
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
 
Weak
ContractsAgency
ContractsConflict of laws
ContractsE-commerce
ContractsProcurement
ContractsTravel contracts
CustomsExemption from Duties
CustomsTemporary Admission
Dispute resolutionArbitration
Dispute resolutionRecognition of foreign judgments
Environment and productsAir
Environment and productsGeneral
Environment and productsInternational watercourses
Environment and productsProtected geographical areas
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Institutional ParticipationDispute Resolution
Intellectual propertyIntegrated circuits
Intellectual propertyOrigin
InvestmentsInvestment guaranty
ProductsGeneral
ProductsMarine Resources
ProductsTimber
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMulti modal transport
Transport and telecommunicationsSpace

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