The Ministry of Economics, together with several state administrative institutions, non-governmental organisations and state-owned enterprises, have agreed on joint cooperation to promote the production and use of high value-added timber building materials and products in construction, thereby fostering sustainable building and economic growth in Latvia.

“It is important for Latvia to build competence and capacity in both the use of wood in construction and the production of timber building materials and products, so as not to lose competitiveness in both domestic and export markets. Therefore, we must create conditions that provide equal or better opportunities to use sustainable and more environmentally friendly building materials in construction,” states Minister of Economics Jānis Vitenbergs.

The construction sector in Latvia plays a vital role in economic growth, as it is one of the largest sectors in terms of material consumption. Consequently, by increasing the demand for sustainable building materials and products manufactured from local renewable natural resources, the construction sector has the opportunity to drive the development of these manufacturing industries within Latvia.