On 27 July in Ottawa, Canada, Lithuania’s Vice-Minister of Foreign Affairs Albinas Zananavičius met with the Deputy Minister for International Trade of Canada Timothy Sargent to discuss prospects for bilateral trade and closer economic cooperation.
Lithuania’s Foreign Vice-Minister and the Deputy Minister congratulated the negotiated Canada-European Union Comprehensive Economic and Trade Agreement (CETA). The agreement will be applied provisionally from 21 September of this year and will open the Canadian market to Lithuanian exporters. Zananavičius emphasized the need to address issues related to the implementation of CETA prior to its provisional application and emphasized that this agreement demonstrated the EU-Canadian leadership aimed to open up trade and to enhance business environment for Lithuanian and Canadian companies.
CETA is the EU’s most advanced and progressive trade agreement to date that will significantly improve market access conditions faced by exporters of Lithuanian goods and services. Once the agreement is fully implemented, the EU will have eliminated tariffs on 99 percent of its tariff lines. In 2016, Lithuania’s exports of goods to Canada amounted to 62 million Euro. Currently, 150 Lithuanian companies export their goods to Canada.
On 28 July, Lithuania’s Foreign Vice-Minister met with Canada’s Assistant Deputy Minister for Europe, the Middle East and the Maghreb Alexandra Bugailiskis to discuss bilateral relations between Lithuania and Canada, as well as important issues of global security policy.
Lithuania’s Foreign Vice-Minister attended the Canadian Lithuanian Days in Ottawa on 29-30 July, marking Canada’s 150th anniversary of Confederation. Zananavičius also met with Honorary Consuls of Lithuania and representatives of Canada’s Lithuanian community.