Page 35 - MOE ENGLISH PR REPORT - AUGUST 2024

Press Release

UAE and Lithuania hold inaugural Joint Economic Committee to promote
cooperation in new economy, tourism, aviation, entrepreneurship,
innovation, agriculture and space sectors

H.E. Bin Touq: Lithuania is a key economic partner of the UAE in Eastern Europe and
boasts strong economic and industrial capabilities. The JEC is a significant step towards
strengthening economic relations between the two countries

Abu Dhabi, 22 August 2024:

H.E. Abdulla bin Touq Al Marri, Minister of Economy, and H.E. Aušrinė Armonaitė, Minister of
Economy and Innovation of Lithuania, chaired the inaugural UAE-Lithuania Joint Economic
Committee (JEC) held in the Lithuanian capital, Vilnius, on 22 August 2024, with the participation
of several government officials from both sides. During the meeting, the two countries agreed to
strengthen economic cooperation in many key sectors, particularly the new economy, tourism,
aviation, entrepreneurship, SMEs, transport, agriculture, circular economy, innovation, food
security, and space.

The UAE delegation visiting Lithuania consists of more than 40 representatives of 21 government
entities and national companies, most notably the Ministry of Investment, Ministry of Climate
Change and Environment, Federation of UAE Chambers of Commerce & Industry, the
Telecommunications And Digital Government Regulatory Authority (TDRA), Masdar, Umm Al
Quwain Chamber of Commerce & Industry, MSA Capital, UAE Angels Capital Investment, ASG
Group, Riayatech.ae, and Syspos Technology.

H.E. Bin Touq emphasized the strength and vitality of the historic relations that bind the UAE and
Lithuania, which have witnessed significant development over the past three decades in various
fields, particularly trade and economy.

H.E. explained that the UAE Ministry of Economy continues its efforts to strengthen economic
cooperation with strategic markets at the regional and global levels through the Joint Economic
Committees program, in support of the country's vision to enhance its economic openness to the
world and build robust economic and investment partnerships. These efforts contribute to
solidifying the UAE’s position as a global partner and an attractive and influential economic hub
by the next decade in line with the ‘We the UAE 2031" vision.

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