The EU enlargement that takes place on 1st May 2004 will usher in a completely new framework for Latvian-Russian economic relations, perhaps even a new era This new framework will be defined by two related characteristics:
Latvia will adopt the EU common external tariff and adhere to the EU's common commercial policy
Latvia will be integrated fully (eventually) into the EU Single Market
The aim of this presentation is to explore the implications of these changes for Latvian- Russian economic relations. This must also be seen in the context of the development of Russia's own international economic relations eg Russia's path to the WTO.