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Belt and Road Countries --- Lithuania

January 19, 2020


Abstract : China signed a memorandum of understanding with Lithuania in November 2017 to jointly promote the Belt and Road Initiative.

China signed a memorandum of understanding with Lithuania in November 2017 to jointly promote the Belt and Road Initiative (BRI).

Political system

Lithuania is a parliamentary republic with a head of government - the prime minister - and a head of state - the president - who appoints the prime minister. The Parliament is a single-chamber legislative body. The country is divided into 60 municipalities, with directly-elected mayors.

Trade and economy

The most important sectors of Lithuania's economy in 2018 were wholesale and retail trade, transport, accommodation and food services (32.2 percent), industry (21.9 percent) and public administration, defence, education, human health and social work activities (14.3 percent).

Intra-EU trade accounts for 59 percent of Lithuania's exports (Latvia 10 percent, Poland 8 percent and Germany 7 percent), while outside the EU 14 percent go to Russia and 5 percent to the United States.

In terms of imports, 69 percent come from EU Member States (Germany 12 percent, Poland 11 percent and Latvia 7 percent), while outside the EU 15 percent come from Russia and 3 percent from China.

Source: https://europa.eu/european-union/about-eu/countries/member-countries/lithuania_en

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Keyword: China-Lithuania Belt and Road Countries

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