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8/23/24, 3:18 PM Latest News
the two sides in the fields of industry, trade, investment and technology, and facilitating the exchange of
expertise on policies related to increasing trade exchanges between the two countries. The MoU was signed

by H.E. Humaid Mohammed bin Salem, Secretary General of the Federation of UAE Chambers, and H.E.
Raminta Radavi?i, Director General of the Lithuanian Industrialists Union.

Bilateral meetings with Lithuanian ministers and government officials
H.E. Bin Touq held four bilateral meetings with ministers and officials from the Lithuanian government. He

met with H.E. Marius Skuodis, the Minister of Transport and Communications, H.E. Kazys Starkevi?ius, the
Minister of Agriculture, H.E. Simonas Šat?nas, the Vice-Minister of Foreign Affairs, and H.E. Karolis Žemaitis,

the Vice-Minister of Economy and Innovation, to discuss the development of economic and investment
partnerships between the two countries in their respective fields.
Organisation of the UAE-Lithuania Business Forum

The UAE-Lithuania Business Forum was also organised during the UAE delegation’s visit to Lithuania, with
an aim to highlight key economic sectors for investment in both countries and foster dialogue between their

business communities. In his speech at the Forum, H.E. Bin Touq elaborated on the promising opportunities
available in the UAE's economic sectors and the unique advantages offered by the UAE’s competitive
business environment. The UAE has adopted flexible economic legislations and policies to support the

growth of large companies and SMEs alike. These include the granting of full foreign ownership of
companies and the establishment of a competitive environment for trade through modern technology. Thanks

to these efforts, the UAE has been recognised as the top destination to start a business by the Global
Entrepreneurship Monitor (GEM) report for 2023-2024.

H.E. Bin Touq urged Lithuanian businesses to expand their operations and investments in the UAE across
various industries, including the new economy, e-commerce, agritech, healthcare, manufacturing, Fintech,

logistics, tourism, entrepreneurship, space, and artificial intelligence. H.E. also emphasised the significance
of leveraging UAE's strategic geographic location bridging East and West and its status as a premier global
hub for business and investment.

-Ends-

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