UAE and Lithuania will cooperate economically on transport and logistics

The UAE and Lithuania agreed to boost economic cooperation across sectors including aviation, transport and logistics — particularly maritime transport and marine technology — during their economic committee meeting last week, according to a statement from the Lithuanian economy ministry.

On the business side, the two countries agreed to swap delegations and trade missions to facilitate the exchange of goods and services, and explore new investment windows. They also pledged to roll out joint programs supporting entrepreneurship and SMEs’ growth and exports, and set up a UAE-Lithuanian Business Forum to highlight vital economic sectors and streamline business community communication.

MoUs inked: The UAE Chambers and the Lithuanian Industrialists Association inked an MoU during the meeting to ramp up cooperation in industry, trade, investment, and technology, Sharjah24 reports.