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 EU
5. To develop a business plan for the Lithuanian Market

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

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Languages: + Lituania Lituanie Lituânia.

1. Credits of the Subject “Doing Business in Lithuania”: 1
2. Duration: one week

1. North Sea-Baltic Corridor (Finland, Belgium)
2. Pan-European Corridor IX (Finland-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 Trade Agreements:

1. Lithuania and the European Economic Area
2. The EU
   1. European Customs Union
   2. European Single Market
   3. The EU Services Directive
   4. European Digital Single Market
   5. As a member of the EU, Lithuania is a beneficiary of the EU Trade Agreements
3. Council of the Baltic Sea States

1. WTO
   1. GATS
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. Convention on the Harmonization of Frontier Controls of Goods
4. CMR Convention (UN)
5. COTIF Convention (Rail)
6. BIC
7. Chicago Convention (ICAO)
8. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
9. Customs Convention on Containers
10. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
11. Organization for Cooperation between Railways (OSJD)
12. ICC
13. CIM / CIT Rules

European Trade and Economic Organizations of Lithuania

1. UNECE
2. The EU
   1. ECB
   2. EIB
   3. EBRD
3. OSCE

1. UN
2. WB
3. WTO
4. IMF
5. OECD
   1. OECD anti-corruption measures
6. Asia-Europe Meeting

The Republic of Lithuania (Europe).

1. Lithuanian Capital: Vilnius
2. Official Language of Lithuania: Lithuanian
3. Lithuanian Area: 65,300 km²
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 European Economic Area.

Economy of Lithuania.

1. The Republic of Lithuania is one of the countries of the EU with the largest economic growth
2. Lithuania, Estonia and Latvia are the so-called Baltic Tigers
3. Lithuania is a developed country (IMF)
4. Lithuania has a strategic role in the EU-Russia relations
5. Lithuanian GDP (nominal): 52,369 million dollars
6. GDP per capita of Lithuania: 20,321 dollars
7. Lithuania is a member of the EU since 2004
8. Lithuanian Currency: Euro
9. Top Lithuanian economic activities: tourism, agricultural industries, sustainable forestry, textiles, high technology products, biotechnology, shipbuilding and laser technologies
10. Lithuania ranked 24th in the world in the Index of Ease of Doing Business (WB) and 15th place (out of a total of 178 countries) in the Index of Economic Freedom (Heritage Foundation)
11. 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 EU 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 EU, Lithuania is a beneficiary of the EU 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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