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Prime Minister: We look forward to the visit of the business delegation from the Republic of Korea in Lithuania

Date

2019 06 03

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Prime Minister Saulius Skvernelis has met with President of the National Assembly of the Republic of Korea Moon Hee-sang to discuss the development of the bilateral relations and prospects for economic cooperation.

“Our countries have had close and warm relationship based on long-standing friendship, respect for common values and democratic principles. We appreciate joint actions for international peace and security. Lithuania’s stance as regards international politics has been consistent - respect for the principles of the United Nations Charter, sovereignty and territorial integrity of states”, said the Prime Minister.

It has been emphasised that Lithuania highly values the strategic relations between the EU and the Republic of Korea, cooperation on non-proliferation of weapons of mass destruction, human rights, the fight against terrorism, climate change and energy security.

According to the Head of Government, both countries still have untapped potential for trade - cooperation. The Lithuanian research, academic and cultural community has a lot of interest in cooperating and concluding relevant agreements.

It is necessary to continue our close cooperation in looking for new opportunities in each other’s markets. Lithuania offers a well-developed infrastructure for transport flows between Asia and Europe. There are the required capacities: railway and land road infrastructure, the largest port of Klaipeda in the eastern coast of the Baltic Sea, intermodal terminal infrastructure, and the know-how. Lithuania is a regional leader in information technology, lasers, life sciences and financial technologies.

Saulius Skvernelis has invited the Republic of Korea to benefit from the attractive investment environment in Lithuania.

It has been emphasised that since 2014, the Hyundai Heavy Industries LNG Terminal Independence has served as Klaipėda LNG terminal contributing significantly to the regional energy security. Klaipėda LNG Terminal is the first gas import alternative enabling Lithuania to become a regional energy center.

The Prime Minister has expressed delight with the studies of the Korean students at Lithuanian universities, as well as the successful activities of King Sedgion’s Institutes in Vilnius and Kaunas.

Prime Minister Saulius Skvernelis has pointed out that Lithuania values the active diplomacy of the Republic of Korea on the Korean Peninsula.