World Trade Organization

Foreign Minister Gabrielius Landsbergis says that the upcoming G7 summit is set to discuss economic pressure among other topics, including Lithuania’s example with China.

The world is undergoing major development, changes and adjustments. The trend toward multi-polarity, economic globalization, IT application and cultural diversity is deepening. Countries are increasingly interconnected and interdependent. Meanwhile, the world is witnessing growing instabilities and ...

The mists over the future of UK – EU relations currently still lingers. It appears that Theresa May’s cabinet is starting to completely lose control of the situation. According to political experts, the agreement she has obtained has practically no chance of receiving support in the UK’s House of Co...

China supports necessary reforms of the World Trade Organization (WTO), raising three fundamental principles and five proposals concerning such improvements, the Chinese Ministry of Commerce (MOFCOM) said Friday.

Blockchain technology, which can be regarded as perhaps the most significant information innovation since the advent of the Internet, has enormous potential in an incredibly wide range of fields. One of the potential fields of blockchain application is the logistics sector, where this unique technol...

On June 28, the White Paper on China and the World Trade Organization was published. China joined the WTO in 2001, which marks a key milestone in its intensive participation in economic globalization. The past 17 years witness how the role of China has evolved from an active partaker, to an importan...

Last year was marked with rising global economic growth, improving confidence and expectations, booming stock markets, and low volatility. That seems to be over – economic growth has eased, especially in the euro area, and the dominating story is rapidly escalating trade tensions.

Exports of goods of Lithuanian origin, excluding mineral products, continue to grow, though at a somewhat slower pace than last year. In early 2018, nominal exports of Lithuanian goods increased by 6.8% compared to the same period in 2017 (15.4% throughout 2017). Growth in exports of petroleum produ...

Discussions in the European Union on further opening up its market to American liquefied natural gas could allow consumers to expect a drop in gas prices in the long-term but it too soon to speak about any specific decisions, a Lithuanian diplomat says.

Dalia Kadišienė, Lithuania's permanent representative to the World Trade Organization, has been appointed as head of the organization's Committee on Trade Facilitation for a year, the Foreign Ministry said on Friday.

Russia has no plans of raising the 2014 imports ban on pork from the European Union (EU), however, plans to move the restrictions to the list of political sanctions after the unfavourable decision by the World Trade Organization (WTO), says the EU food safety commissioner Vytenis Povilas Andriukaiti...

The European Commission's efforts to talk with Russia about opening up its markets for European pork did not meet with much success, according to EU commissioner for agriculture Phil Hogan.

As Belarus seeks to resume talks over membership of the World Trade Organization (WTO), Lithuania has said it is willing to help with advice and technical assistance.

The European Commission hopes to soon reopen discussions with Russia on the resumption of exports of certain food products, including milk, to Russia, Vytenis Andriukaitis, the Commission’s member in charge of health and food safety, has said.

A restoration of trade relations between Moscow and Brussels should not be expected in the near future, said the European Union Ambassador to the Russian Federation Vygaudas Ušackas in a meeting with the businessmen of the port city of Klaipėda.

Although the Trade in Services Agreement (TISA) is less debated in Lithuania than in many larger member states of the European Union, recent charges by a large investor, Veolia, against Lithuania illustrate the fears that many, especially European green movements, have had about the agreement all al...

Lithuanian Prime Minister Algirdas Butkevičius has extended greetings to Kazakhstan over the successful completion of 20 years of negotiations for the membership in the World Trade Organization (WTO), the PM's Office reports.

Vytenis Povilas Andriukaitis, European Commissioner for Health and Food Safety delegated by Lithuania, assured the Government that issues relating to the Russian embargo will be solved on the level of the World Trade Organisation (WTO).

Lithuanian Minister of Foreign Affairs Linas Linkevičius says that the country's exporters could look for new markets in Asia and Arab countries.

The European Union (EU) is considering to address the World Trade Organization (WTO) over the Russia's restrictions on imports of agricultural and food products, EU Ambassador to Russia Vygaudas Ušackas said on Thursday.