History of Latvia - Modern History

Modern History

Soon after reinstating independence, Latvia, which had been a member of the League of Nations prior to World War II, became a member of the United Nations. In 1992, Latvia became eligible for the International Monetary Fund and in 1994 took part in the NATO Partnership for Peace program in addition to signing the free trade agreement with the European Union. Latvia became a member of the European Council as well as a candidate for the membership in the European Union and NATO. Latvia was the first of the three Baltic nations to be accepted into the World Trade Organization.

At the end of 1999 in Helsinki, the heads of the European Union governments invited Latvia to begin negotiations regarding accession to the European Union. In 2004, Latvia's most important foreign policy goals, membership of the European Union and NATO, were fulfilled. On April 2, Latvia became a member of NATO and on May 1, Latvia, along with the other two Baltic States, became a member of the European Union. Around 67% had voted in favor of EU membership in a September 2003 referendum with turnout at 72.5 percent.

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