A delegation of the Chinese Ministry of Commerce has visited the Lithuanian Ministry of Economy.
© Reuters/Scanpix

During a meeting with Lithuania's Deputy Economy Minister Rasa Noreikienė, representatives of China said that they see Lithuania's potential in the areas of logistics, high technologies, and agriculture, however, according to them, Lithuania is too small a country for local companies to try to penetrate the Chinese market separately, thus, cooperation of companies is very important.

"We would like to import more high quality products. We can see the potential of your country in the fields of logistics, high technologies, and agriculture. Mutual cooperation of our countries could, first of all, develop in the form of trade cooperation, while later joint Lithuanian-Chinese companies could be established," said Zhai Qian, head of the Chinese delegation.

According to the Chinese official, one should admit that Lithuania is a small country; therefore, it is much more difficult for individual Lithuanian companies to enter China's market than for a group of such companies. He says that Lithuanian companies should make business clusters and then find partners in China, this way paving the way for Lithuanian goods to Chinese shops faster and easier.

Trade with China currently only accounts for a small share of Lithuania's total foreign trade in agricultural and food products. In 2013, Lithuania's exports to China stood at EUR 4.3 million. Lithuania exported frozen blueberries, whey powder, wheat starch, alcoholic beverages, and rice and corn preparations.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Lithuanian laser professionals at world's largest laser photonics exhibition

On June 24-27 Lithuanian laser manufacturers will present their latest technologies in the most...

Opinion. Public procurement: which law amendments are significant and which are merely formal?

Every time, amendments of public procurement legislation attract a lot of attention, however, it...

Klaipeda introduced high schools’ students to the future of engineering

Last week Klaipėda city development agency " Klaipėda ID " for the second year in a row organized...

Minister: chief forest officer stays for now

Marius Pulkauninkas , chief forest officer of the State Forestry Enterprise of Lithuania, is staying...

Lithuanian and Polish operators ask for EU support for submarine cable

Lithuanian and Polish power transmissio n companies Litgrid and PSE have asked the EU for financial...