Several government officials from both countries attended the inaugural UAE-Lithuania Joint Economic Committee (JEC), which was chaired by Ministers of Economy Abdulla Bin Touq Al Marri of the United Arab Emirates and Minister of Economy and Innovation of Lithuania, Ausrinė Armonaitė.
In particular, the new economy, tourism, aviation, entrepreneurship, SMEs, transportation, agriculture, circular economy, innovation, food security, and space were among the many important areas in which the two nations decided to deepen their economic cooperation during the meeting.
In addition to the Ministry of Investment, the Ministry of Climate Change and Environment, the Federation of UAE Chambers of Commerce & Industry, the Telecommunications and Digital Government Regulatory Authority (TDRA), Masdar, the Umm Al Quwain Chamber of Commerce & Industry, MSA Capital, UAE Angels Capital Investment, ASG Group, Riayatech.ae, and Syspos Technology are among the more than 40 representatives of 21 government agencies and national businesses that make up the UAE delegation that is currently visiting Lithuania.
According to Bin Touq, the historical ties between the UAE and Lithuania have seen tremendous growth over the past three decades in several areas, most notably trade and economy.
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