BAKU, Azerbaijan, May 18. Lithuania is keen to explore the potential of TRACECA, the office of Lithuanian President Gitanas Nausėda told Trend.
“Until the present day, Lithuanian and Azerbaijani economic relations were not very intensive. The trade turnover is just above 50 million euros. Lithuanian investments in your country are moderate. Cooperation in transport and logistics between our countries has great potential. Lithuania, as an EU country with a well-developed road, rail, intermodal, and seaport infrastructure and services – offers a beneficial logistics entry to the EU market. Lithuania is keen to explore the potential of the TRACECA (Europe-Caucasus-Asia) transport corridor. It offers a unique opportunity to develop the Trans-Caspian railway corridor as a viable alternative to the existing routes from Asia to Europe.
We are looking forward to progress in the negotiations on the new EU-Azerbaijan agreement. This agreement will allow to boost economic cooperation between Azerbaijan and EU member states in many fields. The main priorities for bilateral cooperation lie in economic, trade cooperation, energy, transport sectors, and the field of education. While Lithuania is interested in diversifying imports of natural energy resources, Azerbaijan’s interest lies in imports of food products, where our business has a lot to offer. Lithuania also has a lot to offer in the fields of the innovative and high-tech sectors, information technologies and renewable energy development,” said Nausėda’s office.
Follow the author on Twitter: @Lyaman_Zeyn