Japan is one of the most important trade partners for Lithuania in Asia

The Lithuanian government’s First Deputy Chancellor Deividas Matulionis has met with chairman Osamu Nagayama of the Japan bioindustry association.

During the meeting, it was emphasized that Japan is one of the most important trade partners for Lithuania in Asia. Since 2010 trade between the two countries grew more than tenfold (from 38.82 million euros in 2010 to 355.2 million in 2018). In addition, these countries also share a similar perspective on global issues and moral values. The plans that have been set during the historic meeting between Prime Minister Saulius Skvernelis and Japan’s Prime Minister Shinzo Abe in 2018 are now being acted upon. The EU-Japan Economic Partnership Agreement, which came into force this year is expected to further expand bilateral trade, therefore, benefiting both Lithuanian and Japanese producers and consumers.

Meeting with the chairman Osamu Nagayama of the Japan bioindustry association. (Source: LR VK)

A lot of attention was drawn to developing a Lithuanian-Japanese scientific partnership. According to D. Matulionis, Japan is one of the most important partners in science, technology, innovation and trade for Lithuania in Asia.

“We will continue our close cooperation by promoting common initiatives, which would allow for more rapid development of science and technology as well as intensify inter-industry cooperation. The goal is to address the most pressing challenges of an aging society and human well-being.” said the First Deputy Chancellor.

D. Matulionis also thanked for the cooperation in exchanging delegations during life science conferences BioJapan in Japan and Life Sciences Baltics in Vilnius. The guest and members of the association were invited to attend the Life Sciences Baltics 2020 Forum, which will be held September 30 – October 1 of next year in Vilnius. Undoubtedly, the participation of these exhibitions will contribute to closer bilateral cooperation in the sphere of life sciences.

Every year, the life science sector in Lithuania grows by almost 19%, with a special focus on biotechnology, pharmaceutical and medical appliance manufacturing and research. Many of the Lithuanian-made products are intended for international markets. 90% of all life science products and services are being exported worldwide.

Author: Baltic Asia

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