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Estonia and Finland Plan to Continue Organising Joint Visits With Business Delegations


No. 54-E

At his meeting in Tallinn today with Finnish Minister of European Affairs and Trade Relations Alexander Stubb, Foreign Minister Urmas Paet discussed co-operation opportunities for helping Estonian and Finnish entrepreneurs enter new markets.

According to Foreign Minister Paet, the visit of the joint Estonian-Finnish business delegation to Indonesia earlier this year was successful. “We would like to continue such co-operation, for example in East Asia, Latin America, India, and the Persian Gulf countries,” he added.

Paet and Stubb both noted that Estonia and Finland’s economic relations are very close. Paet said that Finland is Estonia’s biggest trade partner. “Finland is our biggest import partner and second-biggest export partner. Finnish direct investments in Estonia have also grown,” he added. Trade with Finland made up 13.85% of Estonia’s total trade turnover.

Paet talked about how Estonia highly values its defence and security policy-related co-operation with Finland. “We are interested in intensifying cyber security co-operation and continuing to successfully work together within the EU Nordic Battle Group,” said the foreign minister. He noted that the Estonia Embassy is the NATO contact embassy in Helsinki in 2011-2012.

Foreign Minister Paet also noted that Estonia plans to open two new honorary consulates in Finland this year, in Rovaniemi and Kuopio, which will bring the total number of Estonian honorary consulates in Finland to eight.

Paet said that 2011 was a notable year for Estonia-Finland cultural co-operation. “Tallinn and Turku had fruitful co-operation as the European Capitals of Culture, and at last fall’s Helsinki Book Fair Estonia was the guest of honour,” said Foreign Minister Paet, listing some examples of the countries’ co-operation.

Of European Union topics, the ministers discussed developments in the euro zone and recognised Serbia for achieving EU candidate country status.

Photos from the meeting:

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