Latvia is a member of the United Nations, European Union, Council of Europe, NATO, OECD, OSCE, IMF, and WTO. It is also a member of the Council of the Baltic Sea States and Nordic Investment Bank. It was a member of the League of Nations (1921–1946). Latvia is part of the Schengen Area and joined the Eurozone on 1 January 2014.
Latvia has established diplomatic relations with 158 countries. It has 44 diplomatic and consular missions and maintains 34 embassies and 9 permanent representations abroad. There are 37 foreign embassies and 11 international organisations in Latvia’s capital Riga. Latvia hosts one European Union institution, the Body of European Regulators for Electronic Communications (BEREC).
Latvia’s foreign policy priorities include co-operation in the Baltic Sea region, European integration, active involvement in international organisations, contribution to European and transatlantic security and defence structures, participation in international civilian and military peacekeeping operations, and development co-operation, particularly the strengthening of stability and democracy in the EU’s Eastern Partnership countries.
Since the early 1990s, Latvia has been involved in active trilateral Baltic states co-operation with its neighbours Estonia and Lithuania, and Nordic-Baltic co-operation with the Nordic countries. The Baltic Council is the joint forum of the interparliamentary Baltic Assembly (BA) and the intergovernmental Baltic Council of Ministers (BCM). Nordic-Baltic Eight (NB-8) is the joint co-operation of the governments of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. Nordic-Baltic Six (NB-6), comprising Nordic-Baltic countries that are European Union member states, is a framework for meetings on EU-related issues. Interparliamentary co-operation between the Baltic Assembly and Nordic Council was signed in 1992 and since 2006 annual meetings are held as well as regular meetings on other levels. Joint Nordic-Baltic co-operation initiatives include the education programme NordPlus and mobility programmes for public administration, business and industry and culture. The Nordic Council of Ministers has an office in Riga.
Latvia participates in the Northern Dimension and Baltic Sea Region Programme, European Union initiatives to foster cross-border co-operation in the Baltic Sea region and Northern Europe. The secretariat of the Northern Dimension Partnership on Culture (NDPC) will be located in Riga. In 2013 Riga hosted the annual Northern Future Forum, a two-day informal meeting of the prime ministers of the Nordic-Baltic countries and the UK. The Enhanced Partnership in Northern Europe or e-Pine is the U.S. Department of State diplomatic framework for co-operation with the Nordic-Baltic countries.
Latvia hosted the 2006 NATO Summit and since then the annual Riga Conference has become a leading foreign and security policy forum in Northern Europe. Latvia held the Presidency of the Council of the European Union in the first half of 2015.