Activities Aimed At Facilitation Of Competitiveness In The Latvian Aquaculture Sector

Aquaculture belongs to the fisheries sector, which is evaluated as a highly productive, competitive and eco-friendly sector. The EU’s and Latvia’s economic breakthrough is related to the aquaculture sector. Participating in the establishment of the Common Fisheries Policy of the EU and using the support provided by the EU’s financial instruments, have given the Latvian aquaculture sector wide opportunities in the facilitation of competitiveness. This paper will aim to evaluate the competitiveness of the Latvian aquaculture sector, providing suggestions for its further development. On the grounds of the Model of the Factors Influencing Competitiveness of the Fisheries Sector Cluster, Aquaculture Competitiveness Index and the offered types of strategies developed by the author, was evaluated and analyzed the competitiveness of Latvian aquaculture sector and provided suggestions for further development of the sector. Significance of the factors and their influence upon competitiveness was checked through Principal component and regression analysis. In the framework of the research was evaluated and analyzed the level of competitiveness in Latvian aquaculture sector, identified ensuring spheres influencing competitiveness and provided suggestions for further development of the sector. The methodology developed within this paper can be used for evaluation of competitiveness of fisheries and its sectors in different countries. The results of the research can be used in elaboration, planning and improvement of the common policy of the sector.