Posts Tagged ‘Lithuania’

h1

Energized by the Baltic Region

February 25, 2014

Matthew Murray is the International Trade Administration’s Deputy Assistant Secretary for Europe, Middle East and Africa. 

Deputy Assistant Secretary Matthew Murray spoke to members of the American Chamber of Commerce in Estonia about trans-Atlantic trade.

Deputy Assistant Secretary Matthew Murray spoke to members of the American Chamber of Commerce in Estonia about trans-Atlantic trade.
(photo courtesy AmCham Estonia)

I believe in the power of trade and investment. These are key components to a strong bilateral relationship, and they have the power to strengthen important bonds between countries.

By working with the regions of Europe, the Middle East, and Africa, my team and I can focus on some of the United States’ cornerstone partnerships. Even with countries that are considered small in terms of population size or territorial expanse, our commercial relationships create jobs, support development, and foster shared ideals of entrepreneurial support and innovation.

In the dynamic markets of Estonia, Lithuania, and Latvia, there is more potential for economic and job growth than one may otherwise expect. I strongly believe that establishing synergies between U.S. and Baltic companies will forge cutting-edge business partnerships that lead to new, dynamic jobs for all countries involved.

The Transatlantic Trade and Investment Partnership (TTIP) agreement currently under negotiation between the United States and the European Union (EU) is a vital tool for deepening U.S. commercial ties to the Baltic region. The partnerships will create new opportunities for U.S. and Baltic companies to export their goods and services to the larger, transatlantic marketplace.

I recently traveled to Estonia and Lithuania in pursuit of input from U.S., Estonian, and Lithuanian businesses, as to how the United States and the EU should advance TTIP negotiations in 2014. To amplify the message of the September Baltic Summit here in Washington, I emphasized the critical role Baltic companies play as TTIP stakeholders.

Baltic business leaders are setting a world standard in innovation and in a start-up business culture. They are participating in the global marketplace, sharing their products and best practices, and investing in markets like the United States. We welcome their investment and their contributions to the global marketplace.

As the region advances its infrastructure to accelerate development, American businesses are ready to support this growth with unmatched global experience and expertise. Infrastructure developments will allow the region to accelerate its development.

Infrastructure developments also help attract foreign direct investment (FDI) to the region. Kinze, a U.S. agricultural equipment manufacturer, is one such company that chose to invest in Lithuania as a manufacturing hub. Increased FDI is an important development in our bilateral relationship, a topic about which you can read further in this translated interview I conducted with the Lithuanian business publication, Verslo zinios.

As the U.S. commercial relationship within the Baltic region progresses, our team is standing by to support American businesses interested in or already operating in the Baltic region. Please contact Jen Levine, Commerce’s Nordic Baltic Trade Specialist in Washington to link you with commercial opportunities in the Baltic and Nordic region.

h1

The First U.S. Certified Trade Misison to Lithuania Furthers U.S. Enthusiasm for this Small, but Important Market

September 29, 2011

Juan Verde is the Deputy Assistant Secretary for Europe in International Trade Administration’s Market Access and Compliance Unit.  In this capacity, he leads the Department of Commerce’s efforts to help solve trade policy and market access issues facing U.S. firms seeking to grow their business operations in Europe and Eurasia.

I have just returned from a two-day visit to Lithuania, where I met with the Prime Minister and other  senior government leaders. I  had the pleasure to meet with the members of the first Department of Commerce Certified Trade Mission to that country, led by Illinois Congressman John Shimkus.

Lithuania is a small nation, and many American companies are probably not familiar with it.  It is located on the Baltic Sea, bordered by Poland, Belarus and Latvia.  It is a member of the European Union and NATO.  It is providing a valuable contribution to our efforts in Afghanistan.

From left to right.  U.S. Ambassador Anne Derse,  Deputy Assistant Secretary for Europe Juan Verde, Representative John Shimkus, Lithuanian Minister of Economy Rimantas Zylius.

From left to right. U.S. Ambassador Anne Derse, Deputy Assistant Secretary for Europe Juan Verde, Representative John Shimkus, Lithuanian Minister of Economy Rimantas Zylius.

Despite its being a small nation, it is attractive to U.S. companies for a number of reasons.  It is a gateway to markets in the east, and into the wider European Union.  The government of Lithuania, from the Prime Minister on down, is committed to making the country an attractive place to do business.  Government leaders meet regularly with the foreign business community to find ways to address its concerns.  Lithuanian industry is a leader in many interesting areas, including laser technology.  Its workforce is well-educated.  The nation’s transportation sector is modern, along with its legal system.

Lithuania’s leadership has enabled it to emerge from economic crisis to becoming one of the fastest growing in the European Union.  Our trade with Lithuania is also growing rapidly, reflecting the economic recovery.  As they consider expanding their markets, I encourage American companies to look at Lithuania.   A steadfast ally, and a friend, Lithuania has much to offer.

 

Follow

Get every new post delivered to your Inbox.

Join 418 other followers