President of the Republic of Lithuania

Foundation laid for economic cooperation between Lithuania and Qatar

2012-04-29

Sunday, April 29, Doha - President Dalia Grybauskaitė and His Highness Sheikh Hamad bin Khalifa Al Thani, Emir of the State of Qatar, discussed the prospects of bilateral cooperation.


It is the first time over twenty years that actual economic relations have been established with this country of the Arabian Peninsula which is the largest liquefied natural gas supplier in the world. The leaders of Lithuania and Qatar have agreed to provide opportunities for mutually beneficial economic cooperation between the two countries.


"Political doors for Lithuania-Qatar dialogue are already open. This serves as foundation for promoting concrete economic, trade and investment projects," the President underlined.


The leaders of the two countries discussed the potential for cooperating in the fields of high-tech, innovations, research, agriculture, industry and fossil energy resources, and considered the opportunities to promote the contacts of business people and provide favorable conditions for the carriage of goods and the provision of services between the countries.


During the visit, it was also agreed to sign in the near future a pack of agreements necessary for closer cooperation of the two countries, including an agreement on economic, commercial and technical cooperation, agreements on avoidance of double taxation, promotion and protection of investments, and agreements in the fields of research and natural resources.


30 billion dollars for foreign investments are planned by Qatar this year, with special interest in high technologies. In Lithuania, Qatar would be interested in manufacture of solar cells, lasers and other innovative products. Lithuania can also offer to Qatar cooperation in other spheres such as high-tech, IT, biotechnologies, logistics, and medicine.

Press Service of the President

Last updated 2012.04.29 14:41

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