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Lithuania and Iran sign intergovernmental agreement on economic cooperation

On 29 May, the Minister of Foreign Affairs of Lithuania Linas Linkevičius and the Deputy Minister of Economic Affairs and Finance, President of the Organization for Investment, Economic and Technical Assistance of Iran Mohammad Khazaei signed an intergovernmental agreement on economic cooperation. Lithuania and Iran agreed to promote, strengthen and diversify their mutually beneficial economic cooperation in the fields of mutual interest, including industry, energy, transport, science and technology, Information Technology, agriculture and others.
The sides will endeavour to create a favourable investment climate for investors of the other country and conditions that will enable economic entities, including small and medium-sized enterprises, to establish contacts and cooperate directly. To help achieve the objective set forth in this agreement, the sides agreed to set up a joint Lithuanian-Iranian Intergovernmental Commission on Economic Cooperation.
The delegation led by Linkevičius also met with the Iranian Minister of Science, Research and Technology, who was acquainted with the potential of technological studies at Lithuanian universities, activities of open access centres at universities as well as a possibility to carry out joint research activities. The Iranian Minister noted that institutions of higher education in his country were well known for training engineers, so Iranian specialists would be interested in maintaining closer ties with Lithuanian institutions of higher education. He also believes that together with businessmen he will find a way to get better acquainted with the education system in Lithuania. In the meeting with the leadership of the Iranian Ministry of Agriculture, Lithuania’s Foreign Minister discussed a possibility for obtaining certificates for imports of meat products into Iran. Linkevičius also noted that after signing the intergovernmental agreement on economic cooperation, the sides would be able to expeditiously agree on specialized, interdepartmental agreements. According to the Foreign Minister, Lithuania hopes that in near future Iran would be ready to conclude such an agreement also on cooperation in the fields of agriculture and food technology.
The Iranian-Lithuanian business forum was also held during the Foreign Minister’s visit to Iran’s Chamber of Commerce, Industries, Mines and Agriculture. “I hope that Lithuanian businesses will also take advantage of the intensifying relationship between Lithuania and Iran. Today’s business event, which was attended by more than 100 businessmen from both countries, is the best proof of it,” said Linkevičius.
During the business event, the Lithuanian representatives took stock of Lithuania’s economic situation, presented the potential of export business and innovative businesses, including biotechnology, engineering industry, aircraft repair, and food industry.

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