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RIGA [url=http://www.cheapjersey49ers.com/nick-bosa-jersey/]Authentic Nick Bosa Jersey[/url] , May 10 (Xinhua) -- Latvia saw its shadow economy decrease by 1 percent last year to 20.3 percent from 21.3 percent a year before, it was announced Wednesday.

Arnis Sauka, an associate professor at the Stockholm School of Economics in Riga (SSE Riga) [url=http://www.cheapjersey49ers.com/kentavius-street-jersey/]Kentavius Street Jersey[/url] , said during the presentation of the annual Shadow Economy Index for the Baltic Countries that unreported business income and unreported or the so-called "envelope wages" made up the largest share of the shadow economy in 2016.

The share of unreported business income in Latvia was 18.5 percent last year, as compared to 11.7 percent in Lithuania and 8.3 percent in Estonia. In Latvia, however [url=http://www.cheapjersey49ers.com/tarvarius-moore-jersey/]Tarvarius Moore Jersey[/url] , the figure has been dropping at a faster rate than in the two other Baltic countries.

Sauka indicated that the general trend was positive as the shadow economy in Latvia has been contracting for three consecutive years already, especially given that in 2009 its proportion reached 36.6 percent of GDP.

Sauka believes Latvia should aim for the average level of the EU where the proportion of shadow economy is 14 percent of GDP.

Until now, the shadow economy has mainly been fought with punitive methods [url=http://www.cheapjersey49ers.com/c-j-beathard-jersey/]C. J. Beathard Jersey[/url] , but the time has come to look for other solutions, Sauka said.

Latvia still has the highest share of shadow economy against GDP among the three Baltic states. The proportion of shadow economy in Lithuania was 16.5 percent and in Estonia 15.4 percent in 2016.

Jiaolong conducts last dive in South China Sea

"Golden Bridge on Silk Road" structure constructed in Beijing

In pics: Qinzhou port in S China's Guangxi

Scenery of Hanzhong City in NW China's Shaanxi

Chinese submersible explores turbidity current in South China Sea

Straw art gala held in E China's Shandong

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8th China Peking Opera art festival to be held in Nanjing

WASHINGTON, Feb. 28 (Xinhua) -- U.S. President Donald Trump rolled out his "America First" agenda in his first speech since inauguration at a joint session of Congress on Tuesday night.

"America must put its own citizens first ... because only then, can we truly make America great again," Trump stressed, resonating his campaign theme.

Trump started his address by decrying recent threats targeting Jewish community centers and last week's racially-motivated shooting of two Indian men in Kansas City, calling for the United States to be united "in condemning hate and evil in all its forms."

Rolling out his "America First" agenda "guided by two core principles: Buy American, and Hire American," Trump tried to paint "a new surge of optimism" by depicting what he has done since entering the White House and reiterating what he will do in the four-year presidency, most of them in line with his pledges on campaign trail.

He vowed again that his administration will replace Obamacare "with better healthcare," build a wall along the border with Mexico, reduce tax rate on U.S. companies, invest one trillion U.S. dollars to upgrade the country's "crumbling infrastructure", boost inner city safety and make child care accessible.

On immigration policy, Trump said his administration is to introduce new merit-based immigration system to regulate new arrivals and reduce the flow of low-skilled workers into America.

Trump also said the White House will take strong actions against terrorism, improve vetting procedures for immigration, and work with U.S. allies to extinguish the Islamic State in Syria and Iraq.

"We cannot allow a beachhead of terrorism to form inside America -- we cannot allow our nation to become a sanctuary for extremists," he said.

On U.S. foreign policy, Trump said the American leadership will be "based on vital security interests that we share with our allies across the globe."

"America respects the right of all nations to chart their own path," he added, stressing his job is not to represent the world.

In a noticeable turn from his campaign stand, Trump promised he will "strongly support NATO," while calling for U.S. allies to meet their financial obligations.

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