Economic Diplomacy Council

Created: 2014.02.10 / Updated: 2021.06.28 16:43

Globalization and growing international competition requires a maximum consolidation of the state institutions and businesses in implementation of the country’s economic policy and economic interests abroad. Coordinated efforts of the state and business, rational use of financial and human resources is one of the main preconditions for the competitive and smooth representation and implementation of economic interests abroad. That is especially important for small countries and open economies with limited resources like Lithuania.

In this context, the Lithuanian Government set up the Commission – Economic Diplomacy Council in 2013.  The Council advises the Lithuanian Government regarding strategic and priority directions of the Lithuanian economic foreign policy, on the improvement of the system of representation of Lithuania's economic interests abroad and other related topics.

Lithuanian state authorities, Lithuanian business and foreign investors’ associations, Lithuanian diaspora organization they all equally participate in the Economic Diplomacy Council to ensure a constructive dialogue, better coordination and implementation of the economic state policy.

The Ministry of Foreign Affairs, the Ministry of Economy and Innovation, the Ministry of Transport and Communications, the Ministry of Agriculture, the Ministry of Education, Science and Sport, the Lithuanian Confederation of Industrialists, the Association of Lithuanian Chambers of Commerce, Industry and Crafts, the Lithuanian Business Confederation, the Lithuanian Employers’ Confederation, the association “Investors' Forum”, Information, Communication and Technology (ICT) Sector Association, Association “Fintech Hub LT”, Lithuanian Engineering and Technology Industry Association LINPRA, Lithuanian Laser Association, Lithuanian Biotechnology Association, Lithuanian Food Exporters Association LITMEA, NGO “Global Lithuanian Leaders” are represented at the Economic Diplomacy Council.

Related news All news »
104401_36a05cebce25ba56306639499ad22652.jpg

On 10 November, the Minister of Foreign Affairs of Lithuania Gabrielius Landsbergis met with members of the Executive Board of the Federation of German Industries (BDI) during his working visit to Berlin.

Bilateral Relations » Activities of the Minister of Foreign Affairs » Economic Relations »

On 7 November, new achievements of economic cooperation between Lithuania and Taiwan were announced. Lithuania's high-tech enterprise Teltonika agreed with the Taiwanese Industrial Technology Research Institute (ITRI) on the development of the semiconductor industry in Lithuania, while Taiwan's national-level investment firm Taiwania Capital approved the investment in the production of optical devices. In the near future, Lithuanian milk, fish and egg products will be authorised to export to Taiwan. It is likely that the export of Lithuanian beef will also be granted this year.

Bilateral Relations » Activities of the Minister of Foreign Affairs » Economic Relations »
10.jpg

More and more markets open for Lithuanian agricultural and food products. This week, Lithuania received an official authorisation to export wheat to Mexico, which is home to 128 million people.

Bilateral Relations » Economic Relations »
Random 7.jpg

There are reasons to be optimistic about Lithuania’s trade data for the first half of 2022. The Government’s goal of diversifying export markets has not only proved successful but is also gaining momentum.

News of the Ministry » Economic Relations »
103352_663033da984025249ecb5f032a361463.jpg

On 21-23 June, the American-Lithuanian Business Council (ALBC) hosted its 8th annual business mission to Vilnius and the Minister of Foreign Affairs of Lithuania Gabrielius Landsbergis held a meeting with the ALBC delegation.

Bilateral Relations » Activities of the Minister of Foreign Affairs » Economic Relations »
103199_43d80eabfa585201b79995a3ff1a3c01.jpg

On 6-7 June, the Minister of Foreign Affairs of Lithuania Gabrielius Landsbergis, together with Lithuanian business representatives, is paying a working visit to Japan. The aim of the visit is to deepen political dialogue and bilateral economic relations.

Bilateral Relations » Activities of the Minister of Foreign Affairs » Economic Relations »

Subscribe to our newsletters

Captcha