Kazakhstan rates 15th among list of Lithuania’s trade partners (Exclusive)

Business Materials 8 November 2019 19:35 (UTC +04:00)
Kazakhstan rates 15th among list of Lithuania’s trade partners (Exclusive)

BAKU, Azerbaijan, Nov.8

By Nargiz Sadikhova – Trend:

Kazakhstan rates 15th by trade, 19th by export and 13th by import in the list of 204 Lithuania’s trade partners, a representative of Ministry of Transport and Communications of Lithuania told Trend.

According to the representative, gradually growing amount of carriages of goods is the indicator of strengthening cooperation between the countries.

The official reminded that countries have an agreement signed by countries’ governments in 1993 defining transportation volume of passengers and goods. The supervising commission has been established and constantly discusses relevant topics of cooperation. Its last session was held on September 18, 2019, in Almaty. The topic of Kazakhstan export of rolling stock still requires number of discussions.

He noted that Lithuania is seeking to attract more traffic of goods from Kazakhstan to the logistics centers of Lithuania and to the port of Klaipėda.

Talking about warehousing services in the Lithuania’s logistics centers, the official noted that they have more than nine million square feet facilities.

“They can fully satisfy the purpose of the Kazakhstan cargo consolidation and deconsolidation for further transportation by railway or by fast developing international road transport sector,” he said.

In turn, special economic zones (SEZ) or industrial centers in Lithuania offer great possibilities for investors and companies from the Kazakhstan, which are willing to establish their hubs as the gateways to the European Union and CIS markets.

“Kaunas and Klaipėda SEZs are prepared for business use and have the entire necessary physical (electricity, gas, sewerage, roads, etc.) and legal infrastructure, support service and tax incentives,” the official concluded.


Follow the author on twitter: @nargiz_sadikh