Lithuania offering China gateway to Western markets


2012 09 07


On 5 September 2012, Minister of Economy Rimantas Žylius, who is visiting China with a working visit, met with Vice-Governor of the Shandong Province Xie Geng. In the meeting, commercial-economic cooperation possibilities between Lithuania and the Shandong Province which has a population of 96 million inhabitants were discussed.

Minister Žylius introduced investment possibilities in Lithuania to Vice-Governor Xie Geng and large business representatives. Also, he encouraged the governors of the special economic zones of the Shandong Province to take part in the international tender announced for the management of new free economic zones in Lithuania.

“The face of China’s economy is rapidly changing. Despite growing China’s internal consumption export and foreign investments constitute the main driving force of the Chinese economy. Therefore, China is looking for new export routes. To compare with other countries of Europe, Lithuania has a very good geographic location with a very well developed infrastructure and may be a gateway to the western markets for the Chinese businessmen,” Minister of Economy Žylius said.

Vice-Governor Xie Geng promised to introduce the information offered by Minister Žylius to the interested companies and businessmen of the Shandong Province. Also, a Shandong Business Mission to Lithuania is planned to be organized, which will be a good opportunity for the companies to attend business exhibitions and get acquainted with the investment possibilities in Lithuania.

Prior to the meeting with government representatives of the Shandong Province Minister Žylius attended a seminar aimed to introduce the investment possibilities in Lithuania, in which representatives of sectors like mechatronics, light industry, furniture and agricultural product manufacturing were present.

Milda Dargužaitė, Managing Director of Invest Lithuania, introduced to the business audience the investment climate in Lithuania and the advantages to be gained from investing in Lithuania. Minister of Economy Rimantas Žylius encouraged the Chinese businessmen to be interested in the business exhibitions held in Lithuania and invited them to visit Lithuania and make sure about the good investment and business development conditions here.

During the working visit of Minister Žylius in China meetings were held with CCPIT (China Council for Promotion of International Trade) President Wan Jifei, the Manager of the Chamber of Trade and Commerce of Private Companies of China and the Manager of the Special Economic Zones Association of China. Meeting with the Chinese companies that plan to expand their business in Europe and may become potential investors in Lithuania continue.