Doing Business in Lithuania

The objectives of the subject “International Trade and Business in” Lithuania” are the following:

1. To analyze the Lithuanian Economy and Global Trade;
2. To know the business opportunities in the Lithuanian Market;
3. To analyze the trade relations of Lithuania with the country of the student;
4. To know the Lithuanian free trade agreements as a member of the European Union;
5. To develop a business plan for the Lithuanian Market.

The Subject “Foreign Trade and Business in Lithuania” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Masters (MIB): International Business, Foreign Trade.

Learning materials in + Lituania Lituanie Lituânia.

1. Credits of the Subject “International Trade and Business in” Lithuania”: 1 ;
2. Duration: one week.

1. North Sea-Baltic Transport Corridor (Finland, Estonia, Latvia, Lithuania, Poland, Germany, Netherlands, Belgium);
2. Pan-European Corridor IX (Finland-Russia-Greece);
3. Access to the:
   1. Pan-European Corridor II;
   2. Trans-Siberian Railway (Russia, Mongolia, China, North Korea);
   3. Baltic-Adriatic Transport Corridor.

Lithuanian Preferential Access and Free Trade Agreements:

1. Lithuania and the European Economic Area;
2. European Union
   1. European Customs Union;
   2. European Single Market;
   3. EU Services Directive;
   4. European Digital Single Market;
   5. As a member of the European Union, Lithuania is a beneficiary of the EU Free trade agreements.
3. Council of the Baltic Sea States (CBSS).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
4. Convention on the Contract for the International Carriage of Goods by Road (CMR, UN);
5. Convention concerning International Carriage by Rail (COTIF);
6. International Bureau of Containers and Intermodal Transport (BIC);
7. International Civil Aviation Organization (ICAO, Chicago Convention);
8. International Maritime Organization (IMO)
   1. International Convention for Safe Containers (CSC);
   2. Convention Relating to Temporary Admission (Istanbul Convention).
9. Customs Convention on Containers (CCC, UN);
10. International Road Transport Union (IRU)
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.
11. Organization for Cooperation between Railways (OSJD);
12. International Chamber of Commerce (ICC);
13. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT).

European Trade and Economic Organizations of Lithuania

1. Economic Commission for Europe (UNECE);
2. European Union
   1. European Central Bank;
   2. European Investment Bank (EIB);
   3. European Bank for Reconstruction and Development;
   4. EU-CELAC Summit;
   5. Group of States of the European Council Convention against Corruption (GRECO).
3. Organization for Security and Cooperation in Europe (OSCE).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. Commission on International Trade Law (UNCITRAL);
   4. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF);
5. Organization for Economic Cooperation and Development (OECD)
   1. OECD anti-corruption measures.
6. Asia-Europe Meeting (ASEM).

The Republic of Lithuania (Europe).

1. Lithuanian Capital: Vilnius;
2. Official Language of Lithuania: Lithuanian;
3. Lithuanian Area: 65,300 square kilometers;
4. Lithuanian Population: 2.9 million people;
5. Type of Government: Parliamentary Republic;
6. Borders of Lithuania: Belarus, Latvia, Poland and Russia
   1. Lithuania shares Maritime borders (Baltic Sea) with Sweden, Finland, Estonia, Germany and Denmark.
7. Independence of Lithuania: 1991 (Soviet Union).

Religion in Lithuania: Catholicism (Christianity).

Lithuania belongs to the Western Civilization (European Economic Area).

Economy of Lithuania.

1. The Republic of Lithuania is one of the countries of the European Union with the largest economic growth;
2. Lithuania, Estonia and Latvia are the so-called Baltic Tigers;
3. Lithuania is a developed country (International Monetary Fund);
4. Lithuania has a strategic role in the European Union-Russia relations;
5. Lithuanian GDP (nominal): 52,369 million dollars;
6. GDP per capita of Lithuania: 20,321 dollars;
7. Strong economic recession in 2008;
8. Lithuania is a member of the European Union since 2004;
9. Lithuanian Currency: Euro;
10. Top Lithuanian economic activities: tourism, agricultural industries, sustainable forestry, textiles, high technology products, biotechnology, shipbuilding and laser technologies;
11. Lithuania ranked 24th in the world in the Index of Ease of Doing Business (World Bank) and 15th place (out of a total of 178 countries) in the Index of Economic Freedom (Heritage Foundation);
12. Several global companies such as Microsoft, IBM, Transcom, Barclays, Siemens, SEB, TeliaSonera, Paroc, Philip Morris and Thermo Fisher Scientific are in Lithuania.

Lithuanian Foreign Trade

1. The European Union is the largest trading partner of Lithuania, with 67% of the total imports and 61.3% of the total exports;
2. The Commonwealth of Independent States (CIS) is the second trading partner of Lithuania;
3. The main Lithuanian Exports are minerals, machinery, chemical products, textiles, foods, plastics;
4. Top Lithuanian exports destinations: Russia (15%), Latvia, Germany, Poland, Estonia, the Netherlands, Belarus;
5. The main products imported by Lithuania are minerals, machinery, transport equipment, chemical products, textiles, metals;
6. The main suppliers of Lithuania are Russia (32%), Germany, Poland, Latvia;
7. As a member of the European Union, Lithuania is a beneficiary of the EU Free trade agreements with the MERCOSUR, Mexico, South Korea, the ASEAN, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...;
8. The Port of Klaipeda, without ice, is in the western part of Lithuania. The port is an important regional hub that connects the sea, land and Rail transport routes of the east and west.

(c) EENI Global Business School (1995-2023)
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