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Measures designed to smooth export development of the national businesses

Date

2016 04 13

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Today, three measures designed by the Ministry of Economy and aimed to facilitate the development of Lithuanian businesses in priority export markets have been introduced to the Economic Diplomacy Council. These measures will ensure the efficient use of resources and stable long-term and short-term export expansion.

‘The developed plan of measures will help national businesses position themselves in the priority markets with the highest export potential, which will contribute to both export growth and to attracting investments to the national economy. We will seek to achieve that these measures provide the best possible results and meet the needs of businesses,’ Minister of Economy Evaldas Gustas said.  

Also, the short-term measures provide for the greater involvement of diplomatic services, the coordination of visits and initiatives and the financing from the European Union funds of a wide range of projects which bring benefits to businesses. The long-term measures, which will still have to be approved by the Government, are designed to strengthen the image of the business sector abroad, to improve the economic representation system of the country and to strengthen the competences of export professionals. In addition, in view of the needs of the Lithuanian businesses, additional funding will be offered for the harmonisation of veterinary and phytosanitary certificates and the establishment of the export insurance system.

The Ministry of Economy has developed these measures based on the analysis of the national business needs and export dynamics, which was carried out by PE Enterprise Lithuania along with other public and business institutions. The experts of Enterprise Lithuania had consultations with companies representing specific sectors and branch associations to identify business needs, long-term possibilities and main barriers which prevent business development and export expansion.

According to the Minister Gustas, the views and contribution of business to the export promotion is of considerable importance, therefore, in the process of carrying out this analysis, nine target groups representing specific sectors were organised which were attended by 65 business representatives and ten targeted interviews were held with the representatives of branch associations and companies. 

Business representatives who were present in the target groups said that exports could be facilitated through the strengthening of general image of Lithuania abroad, high quality of the labour force and the removal of various legal and administrative barriers. The businessmen consider that specialised training, partnership with foreign market players, systematic information about priority markets and promising sectors could help increase the volumes of exports.
 
Experts from Enterprise Lithuania have singled out 14 priority markets: enlargement markets – Sweden, Norway, Germany, the United Kingdom, France; perspective markets – the US, China, Israel, Japan, Ukraine; exploratory markets – the UAE, Canada, Turkey and the Republic of South Africa. These priority markets were approved by the Economic Diplomacy Council at the end of last year.

Business representatives have confirmed that the distinguished enlargement markets are important for export and most of them plan for the enlargement in those markets during the coming five years. Due to their geographic proximity and traditions the Scandinavian countries are most relevant for some sectors while others also see opportunities in other markets. The ICT sector sees good possibilities in the developing countries; wood and transport sector representatives would like to resume their export to Russia. 

The Economic Diplomacy Council consists of Minister of Foreign Affairs Linas Linkevičius (Chairman), Minister of Economy Evaldas Gustas (Vice-Chair), Minister of Agriculture Virginija Baltraitienė, President of the Lithuanian Confederation of Industrialists Rimantas Dargis, President of the Council of the Lithuanian Business Employers’ Confederation Augustinas Rakauskas, Minister of Transport and Communications Rimantas Sinkevičius, President of  the Association of Lithuanian Chamber of Commerce, Industry and Crafts Šarūnas Kliokys, President of the Lithuanian Business Confederation Valdas Sutkus, Adviser to the Prime Minister Irina Urbonavičiūtė, Chairman of the Board of the ‘Investors` Forum’ Rolandas Valiūnas.