President Gitanas Nausėda met with Governor Tadashi Maeda and members of the delegation of the Japan Bank for International Cooperation.
Economic cooperation between Lithuania and Japan as well as future prospects and investments in the Lithuanian economy were discussed during the meeting. The President emphasized the importance of Japanese experience and investments of Japanese companies in implementation of strategic transport and energy projects. “More active cooperation will allow us to learn about the cutting-edge technologies and gain more experience to smoothly implement the synchronization of the Baltic electricity grid and Rail Baltica project “, said the President.
The President invited Japanese manufacturing and infrastructure businesses to invest and develop their operations in Lithuania, especially in information and financial technologies as well as life sciences.
The President expressed delight over the economic cooperation between Lithuania and Japan that gained momentum over the recent years – more and more Lithuanian companies organized business visits and missions to this far-away country, worked on specific infrastructure development projects, organized conferences and events promoting the development of Lithuanian-Japanese business relations.
“Japan is Lithuania’s third economic partner in Asia. Over the recent decade, our bilateral trade grew more than ninefold. We see the potential for strengthening our political as well as economic collaboration with Japan. The Japan Bank for International Cooperation is one of the strongest investment institutions and a highly important partner for Japanese companies that invest and plan investments in Lithuania”, the President said.
The President invited representatives of the Japan Bank for International Cooperation to establish a representative office in Lithuania to attract investments from global Japanese businesses.