President of the Republic of Lithuania

More vibrant international trade will give impetus to EU economy


Thursday, May 30, Vilnius - President Dalia Grybauskaitė met with representatives of the European Parliament's Committee on International Trade (INTA). The meeting focused on the main tasks of Lithuania's upcoming presidency in the sphere of international trade and other priorities of the presidency of the Council of the European Union.

"More vibrant EU external trade with foreign countries is a powerful engine of economic growth boosting EU competitiveness. It is necessary to develop mutually beneficial trade relations with the EU's strategic partners. Lithuania particularly needs competitive trade, like the whole of Europe," the President said.

According to the President, international trade is important for Lithuania as it was export which contributed the most to Lithuania's economic recovery after the recession.

Negotiations on free trade agreement with the United States, the EU's major trading partner, are expected to begin this year. This agreement would serve to facilitate trade and business conditions between the European Union and the United States. Several initial stages of negotiations will take place during Lithuanian presidency. Negotiations with Japan and other EU's strategic partners will also be continued.

Among the other issues discussed at the meeting was the signing of free trade agreements with Eastern Partnership countries, opportunities to obtain concrete results in negotiations in the World Trade Organization where Lithuania during its presidency will represent the European Union as a whole. 

Copyright - Dž. G. Barysaitė  

Press Service of the President

Last updated 2013.05.30 08:47