Minister of Economy: ‘Lithuania and Ukraine are to discover new cooperation possibilities‘

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2017 06 16

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On 6 June 2017, following the 17th meeting of the Lithuanian-Ukrainian Intergovernmental Commission on Trade–Economic  and Science–Technical Cooperation (the Commission) Minister of Economy Mindaugas Sinkevičius and Minister of Infrastructure of Ukraine Volodymyr Omelyan signed a Protocol aimed to strengthen bilateral cooperation between Lithuania and Ukraine in the fields of investment, bilateral trade, energy, transport, healthcare and social protection, agriculture, space, tourism, standartisation, metrology, etc.

‘The Protocol says that Ukraine is among the most important economic trade partners of Lithuania and one of priority markets for our national exporters. Today’s decisions will facilitate further increase of trade volume and will create conditions for the most promising Lithuanian industry sectors, like electrical engineering, paper and paperboard manufacturing and textile and chemical industry to gain a foothold in the market of Ukraine ,’ Minister Sinkevičius said.

At the 17th meeting of the Commission, considerable attention was given to transport and energy issues. Lithuania and Ukraine may even better use logistic advantages, especially in the field of rail transport, as well as improve the transport infrastructure and increase the volumes of freight transport. Both countries also expressed their interest in a more active implementation of the memorandum on the cooperation of sea ports of Lithuania and Ukraine. Both countries have a possibility to carry out joint transport projects within the framework of the EU Eastern Partnership Programme.

In the field of energy, the possibility to use the European and Asian oil transport corridor to supply gas to the liquefied gas terminal in Klaipėda was underlined. Lithuania committed to support the implementation of reforms in the energy sector of Ukraine; moreover, Lithuania proposed to develop cooperation in the field of renewable energy and energy conversion as well as share experience in the field of bioenergy use and the use of state-of-the-art technology. 

During the 17th meeting of the Commission, discussions were held about the tailoring of best practices of Lithuania to the needs of the financial sector of Ukraine as well as the technical and humanitarian assistance to Ukraine through co-development projects. The Protocol notes that the co-development projects could help increase Ukraine’s exports, tourism and industrial development and could help the production of Ukraine get adapted to the European standards.

The issues of cooperation in the field of space were discussed at the meeting of the Commission for the first time: it was proposed to promote the networking of Lithuanian and Ukrainian research and study establishments and companies, carry out joint research in the field of space and implement technology development projects and business missions in relation to space domain as well as to strengthen Lithuanian and Ukrainian partnership in the context of joint projects under the Horizon 2020 Programme.  The representatives of Ukraine also asked to share the best practices in the field of Lithuania’s cooperation with the European Space Agency.

It was agreed that the 18th meeting of the Lithuanian–Ukrainian Intergovernmental Commission will be held in 2018 in Ukraine.

Representatives from the Ministries of Transport and Communication, Environment, Energy, Agriculture and other ministries, from public authorities and businesses as well as diplomats were present at the 17th meeting of the Commission.