ABSTRACT
Latvia is a maritime nation due the local maritime resources like ports, seafarers etc. However, there is a lack of awareness in the community about development prospects of Latvia’s maritime sector. Does Latvia need maritime resources? This is a frequently asked question made by in the public opinion. There seems to be a lack of information about maritime resources and their contribution to country’s economy. There is no updated study on the importance of Latvian maritime resources and their contribution for Latvian economy at present and how valuable for Latvian economy they can be in the future.
