Lithuanian President Dalia Grybauskait met with the visiting Chinese Minister of Commerce Chen Deming in Vilnius, the capital of Lithuania. The two sides exchanged views on bilateral relations, trade and economic cooperation, and economic and trade relations between Europe and China.

Dalia Grybauskait said that Lithuania appreciates the traditional friendship with China, expressed appreciation of the positive role played by China in the international community, and hoped to develop a better relationship with China. He said Lithuania welcomes Chinese enterprises to invest in Lithuania, hoping that both sides work together to promote the development of bilateral economic and trade relations.

Chen Deming said that China attaches great importance to the development of Sino-Lithuanian relations, and regards Lithuania as its important cooperation partner in the Baltic region. In recent years, Sino-Lithuanian economic and trade relations has been developing smoothly, and cooperation potential is unfolding in all areas. To seize the opportunities and tap development potential, China proposed to deepen bilateral cooperation in trade, investment, energy, logistics, tourism, agriculture, fisheries and the establishment of economic and technological development zones, and brought into full play,the resource advantages of both countries in industry, technology, capital and market , so as to promote the pragmatic cooperation between China and Lithuania.

The two sides also exchanged views on the current global financial crisis and the debt crisis in Greece.

According to Chinese statistics, trade between China and Lithuania in 2008 broke through a ceiling of US$ 1 billion for the first time, an increase of nearly 27 times compared with that in 2000. Affected by the global financial crisis, Sino-Lithuanian trade in 2009 was slightly down, but picking up in 2010, and trade in the first three months amounted to US$ 0.21 billion, up by 21.7% year-on-year.