Lithuania and China aim at strengthening economic and trade dialogue

Published: 12 November 2009 y., Thursday

Kinijos vėliava
On 11 November in Beijing, Lithuania’s Vice-Minister of Foreign Affairs Šarūnas Adomavičius took part in bilateral political consultations with representatives from foreign affairs, commerce and transport ministries of the People’s Republic of China. The consultations focused on bilateral economic and trade relations.

During the consultations with Chinese Vice Minister of Foreign Affairs Zhang Zhijun, key attention was dedicated to the strengthening of economic relations, and the promotion of trade and investments. Political, cultural, regional and global issues, such as the climate change and energy security were also discussed. The Minister of Foreign Affairs of the People’s Republic of China is invited to pay a visit to Lithuania in 2010.

Lietuvos vėliava

 Possibilities to deepen economic dialogue, especially when promoting the reduction of trade imbalance, were discussed at the Chinese Ministry of Commerce. Vice-Minister Š.Adomavičius stressed that lately China and Lithuania were active in   initiating projects that strengthen bilateral economic and trade cooperation. The Vice-Ministers discussed the next Chinese trade mission to Lithuania. The first trade mission to Lithuania was held in August. The delegation was led by the Vice Prime Minister of China. 

During the meeting at the Ministry of Transport of China, Vice-Minister Š.Adomavičius thanked China for its cooperation when organising the first ASEM Transport Ministers’ meeting in Vilnius on 19-20 October and promised to cooperate when organising the second ASEM Transport Ministers’ meeting in Asia.

On 10 November, Vice-Minister Š.Adomavičius paid visits to China Institutes of Contemporary International Relations and to Huawei Corporation, the leading global telecommunications solutions provider. During the meeting with Senior Vice President Qu Wenchu, further development of the corporation’s activities in Lithuania was discussed. This company has operated in our country since 2006.

Lithuania established diplomatic relations with China on 14 September 1921, and re-established them on 14 September 1991. The Embassy of China in Lithuania was opened in 1992. Lithuania’s Embassy in China opened in 1995.

In 2008, Lithuania’s exports to China amounted to 18.9 million euros, and Lithuania’s import from China equalled 542 million euros. The trade turnover between Lithuania and China was 560.9 million euros.

ASEM is a dialogue process, which joins all the EU member states and 17 Asian countries. Specific Europe-Asia cooperation projects in the policy, economy and socio-cultural areas are developed at the initiative of the countries that take part in the process.

Šaltinis: www.urm.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

SNORAS Group company will become the largest shareholder of UAB “Lietuvos rytas”

On 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company. more »

ATMs service in Russia, Eastern Europe is focus of Intergam, The Bankers Exchange partnership

The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market. more »

Back to the ballot box

Lisbon treaty and financial supervision dominate debate at EU summit. more »

Obama unveils bank reform plans

In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary. more »

Gas Coordination Group, in the light of explanations given by Gazprom and Naftogaz, studies the measures possibly needed to secure next winter season's supplies

Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens. more »

Google to help reboot Mexico tourism

Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic. more »

Equality in a time of crisis

The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market. more »

US gun sales up

The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US. more »

Three years in a row does AS “Latvijas Krājbanka” receive the Deutsche Bank AG award for the outstanding quality of the outgoing payments

AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments. more »

Danske Bankas increases interest rate for fixed-term deposits in litas

Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients. more »