Ways Are Sought to Defend Lithuania’s Business Interests Better

Published: 3 May 2009 y., Sunday

Vygaudas Ušackas
On 30 April, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the round table discussion “The European Union’s External Trade Policy and Lithuania’s Positions: Threats and Possibilities for the Lithuanian Industry”. The he Minister and heads of the largest Lithuanian exporters discussed the possibilities for Lithuania to influence the external trade policy of the EU.

Minister V.Ušackas presented the programme provisions of the Lithuanian Government, the process of shaping the trade policy and its distinguishing features. 

“The Lithuanian economy is one of the world’s most open economies. The proportion of foreign trade turnover and GDP (116 %) shows that foreign trade is very important for the economy of Lithuania. Therefore, Lithuania should remain an advocate of liberal market and free trade,” said Minister V.Ušackas.

Minister V.Ušackas stressed that while seeking to defend the country’s business interests and to benefit from all the possibilities of the EU membership, it was necessary to open the markets of third countries for the exporters of Lithuanian goods and services, to guarantee that the partners would respect their commitments and to seek that trade would really be free.

“We cannot tolerate the state intervention in the economy – subsidies and determination of price for energy resources that are based on discrimination principles. We cannot be appeased with breaches of the law of intellectual property and unfounded non-tariff barriers,” the Minister stressed.

Representatives of the exporters favourably assessed the guidelines of the trade policy that the Minister presented and agreed to organise similar meetings at least once every half year.

Šaltinis: Ministry of Foreign Affairs
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

Emerging Market Countries Partner with World Bank to Achieve Risk Management Objectives

The World Bank is seeing a surge in demand from borrowers seeking the Bank’s expertise to mitigate currency and interest rate risk. more »

State aid: Commission authorises support package for Lithuanian financial institutions

The European Commission has approved under EU state aid rules a Lithuanian package intended to stabilise the markets as a response to the global financial crisis. more »

European Commission forecasts average crop production for 2010 in the EU despite extreme weather

Total cereal production in 2010 should be close to the average from the last five years. While the yield per hectare will be 5% above average, overall cultivated areas have decreased. more »

In the first half of this year AB Bank SNORAS and its financial group worked profitably

According to the unaudited data, AB Bank SNORAS profit prior to provisions and tax exemption within the first half of this year comprised LTL 51 million, the bank formed almost LTL 48 million provisions. more »

Denmark: EU €10m to help 1,149 former Linak A/S and Danfoss Group workers find new jobs

The European Commission today approved two applications from Denmark for assistance from the EU Globalisation Adjustment Fund (EGF). more »

EIB provides EUR 150 million innovative recovery support loan to SMEs in Turkey

The European Investment Bank today signed two loans for a total amount of EUR 150 million in support of small and medium-sized enterprises (SMEs) in Turkey. more »

AB Bank SNORAS will increase the authorized capital by LTL 82.3 million up to LTL 494.2 million

On 23 July 2010 the Board of the Bank of Lithuania permitted Bank SNORAS to register a change to the articles of association related to the increase of the authorized capital of the bank by LTL 82.3 million up to LTL 494,217,107. more »

Heads of State, WB President Zoellick Agree on Action Plan to Boost Integration and Development

Heads of State and top officials from the Central American Integration System and World Bank Group President, Robert B. Zoellick, agreed to join efforts towards regional cooperation and integration and adopted a comprehensive agenda that includes an action plan with more than 20 specific measures. more »

IMF Executive Board Cancels Haiti’s Debt and Approves New Three-Year Program to Support Reconstruction and Economic Growth

The Executive Board of the International Monetary Fund (IMF) today approved the full cancellation of Haiti’s outstanding liabilities to the Fund, of about SDR 178 million (equivalent to US$268 million). more »

IMF Completes Third Review Under Stand-By Arrangement with Latvia and Approves €105.8 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the third review of Latvia's performance under an economic program supported by a Stand-By Arrangement (SBA). more »