Minister of Economy Evaldas Gustas is on a working visit to Oman

On 2-5 February of the current year, Minister of Economy Evaldas Gustas, as member of the delegation led by Prime Minister Algirdas Butkevičius, is visiting the Sultanate of Oman, where he is meeting with Sayyid Fahad Mahmoud Al-Said, the Deputy Prime Minister of the Sultanate of Oman (the Cabinet of Oman) and Yahya Mahmoudh Al-Mantrhri,  the Chairman of the Council of State of Oman (the Upper Houses). The visit is aimed to attract investments to Lithuania, hold bilateral business meetings and discuss closer mutual cooperation possibilities between the two countries. 

Together with the official delegation the Business Mission of Lithuania, organised by the Lithuanian Business Confederation, is visiting Oman. The Mission consists of the representatives of food, chemistry, pharmacy, medicine and information technology sector representatives. 

‘The economic cooperation between Lithuania and Oman in the fields of trade, investment, innovation and tourism could offer new possibilities to both the nationals and businesses of both countries. This working visit will help strengthen economic relations between the two countries through the promotion of direct cooperation between the business representatives of Lithuania and Oman. Presently, the most viable sectors of goods and services export to Oman include food and electronics, furniture and wood industry as well as information technology,’ Minister Gustas says.
 
During this working visit, Minister Gustas will sign the communication on economic cooperation and the memorandum of understanding on the cooperation in the field of information technology. Also, he will meet with Ali bin Masoud al Sunaidy, the Omani Minister of Commerce and Industry and Ahmedu Mohamedu Al-Futaisi, the Omani Minister of Transport and Communications as well as with Omani business representatives.

In January-November 2014,  the trade turnover of Lithuania and Oman made EUR 2.5 million, export made EUR 1.6 million and import –¬ EUR 0.9 million. Compared to the same period of 2013, the trade turnover increased by 54.5%, export – by 35.9% and import volumes doubled.
 
In January-November 2014, the most important goods exported by Lithuania to Oman were mineral products (56.2%), medical equipment (8.1%) and wood and wood articles (8%). At the same period of time, Oman basically imported to Lithuania plastics (61.2%), textile articles (38.7%) and chemical products (20.1%).