Lithuania pushing to open Chinese market for agricultural exporters

By bne IntelliNews November 19, 2015

Lithuania has signed a protocol with China on veterinary and hygiene requirements for exports of dairy and livestock products, Vilnius announced on November 19.

The agreement paves the way for Lithuanian exporters to enter the vast Chinese market, potentially speeding up efforts to diversify to aid the recovery of exports. Falling overseas sales have been a drag on the Lithuanian economy, largely an effect of the Russian embargo on the Baltic state’s agricultural production.

The agreement will act as a basis for Lithuanian firms to apply for export certificates. “It is these certificates Lithuania is waiting for in order to … launch exports [to China]”, Prime Minister Algirdas Butkevicius said in a statement. The actual launch of exports may, however, take months, after all technical details have been agreed, The Baltic Course reports.

After weakening already in 2014, Lithuanian exports are likely to continue to drag on the economy this year. The recession in Russia is a particular issue, as is Moscow's embargo on EU agricultural produce. Lithuania is by far the most exposed due to its traditional trade relations. Russia's share in Lithuanian exports stood at 13.3% in January-September, an annual fall of 41.4%, the Lithuanian statistical office notes.

However, Lithuanian exporters are gradually building a position in other markets as they put in effort to redirect sales. Exports to the EU made up 66.6% of all overseas sales in January-September, representing growth of 7.1% y/y. Exports to China have tripled in the last four years, according to the Lithuanian presidential office.

Export growth is expected to pick up somewhat in the final quarter of 2015 and during 2016, the European Commission noted in its autumn economic outlook published on November 5.

Related Articles

Lithuania calls for further committments from Gazprom to end EU anti-trust case

Gazprom’s commitments to lessen the impact of its dominant position as a supplier of gas to Lithuania and other CEE countries are not sufficient and the European Commission should ensure they are ... more

Russia offers Latvian port a slice of the Nord Stream pie

The Latvian port of Ventspils has been asked to store and handle delivery of pipes for Nord Stream 2, the controversial Russian gas pipeline project, the chairman of the port said on April 20. The ... more

Latvia opens its gas market as it seizes control from Russia

The Latvian gas market opened up to liberalisation on April 3 following entry into force of a number of legal changes. Riga has fought hard to end control of the gas transmission and storage ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss