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Foreign Vice-Minister Zananavičius: We must tap into the full potential of the green course to strengthen the industrial sectors in the EU

Created: 2020.09.21 / Updated: 2020.09.22 15:21
    Foreign Vice-Minister Zananavičius: We must tap into the full potential of the green course to strengthen the industrial sectors in the EU

    On 20-21 September, the Vice-Minister of Foreign Affairs of Lithuania Albinas Zananavičius took part in an informal meeting of EU trade ministers “Open markets and free trade are the driving forces”. Ministers discussed ways how trade policy could contribute to economic recovery from the COVID-19 pandemic.

    The participants of the meeting agreed that in view of the challenges posed by the ongoing pandemic, it was necessary to seek greater economic resilience of the EU. In this context, the European Commission’s Trade Policy Review for the re-orientation of European trade policy is very timely and meaningful. 

    Lithuania’s Foreign Vice-Minister noted that a strong industry and smooth trading were among the key driving forces to lead Europe out of the crisis. “To achieve these goals, the EU needs an efficient single market and strong trade instruments to ensure fair and equal competitive conditions for EU producers,” said Zananavičius.

    Ministers discussed the digital transformation of European industry and on the green course – the main drivers of economic recovery and growth. Zananavičius highlighted the need to tap into the full potential of Europe’s green course to strengthen the industrial sectors in the EU and to increase their competitiveness in the international arena.

    The participants of the meeting also discussed the election process for a WTO Director-General to take this position over from the Director-General Roberto Azevedo. “Lithuania has always been, and remains, a firm supporter of the multilateral trading system and the World Trade Organisation. We wish a new Director-General to support the EU values and to be ready to take the lead in carrying out the WTO reforms and in addressing systemic issues arising from unfair competition," said the Foreign Vice-Minister.

    There was also a discussion about the situation in the European steel industry and lessons drawn from the COVID-19 crisis.

     

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