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  • 2015 May 14 18:03

    Lithuania signs three memorandums of understanding with one of largest Chinese corporations

    On May 8, 2015, the Prime Minister of Lithuania Algirdas Butkevičius met with Li Jianhong, the Chairman of the Board of one of the largest Chinese corporations, China Merchants Group, and his delegation. According to the press center of Lithuania’s Government, Chinese investment opportunities in Lithuania were discussed during the meeting and three memorandums were signed – with the Kaunas Free Economic Zone, Lithuanian Railways and Klaipėda State Seaport.

    “I would like to emphasize that Lithuania is ready to further develop bilateral economic and trade relations and to strengthen cooperation based on mutual respect and equality,” said the Prime Minister Algirdas Butkevičius.

    The Head of Government emphasized that the visit of the Chinese delegation is highly significant, since three memorandums of understanding have been signed. “The three memorandums of understanding signed with the Kaunas Free Economic Zone, Lithuanian Railways and Klaipėda State Seaport are clear signs of practical cooperation between the two countries; these are the first steps in attracting Chinese investment and reaching mutual goals in the area of logistics,” said the Prime Minister.

    The Prime Minister invited the representatives of China to participate in the Lithuanian-Chinese business forum The Silk Road in Klaipėda, organized by Klaipėda State Seaport and Lithuanian Railways on 28–29 June. “The Silk Road is an opportunity to cover the main Central and Western European markets that contain over 750 million users. Therefore, one of the main strategic aims of Lithuanian transport is to further develop the cooperation with China and thus join the largest economy in the world with the EU states,” said the Head of Government. 

    The Chairman of the Board of China Merchants Group, Li Jianhong, said that he sees multiple opportunities for investment in our country. The efforts are being made to create a logistics corridor that links Asia and Europe.

    China Merchants Group is one of the largest Chinese state-owned companies and the leader among the operators China’s state ports. The company also provides banking, insurance and brokerage, fund and fund management services, securities emission and online stock trading services, and also operates as a platform for direct investment management. It was established in 1872, its headquarters is in Hong Kong.


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