This week, a delegation of senior officials from the Export-Import Bank of the United States (EXIM) staged an extensive tour and talks with key officials across Lithuania, following a $600 million economic Memorandum of Understanding (MoU) that EXIM signed with the Government of Lithuania in November 2021.
Early in the week, the group, which included Christopher Van Es, Senior Vice President of Communications and External Engagement, Adam Frost, Senior Vice President of the China and Transformational Exports Program, and Bonnie Cybulko, Vice President of Board Authorized Finance, visited Teltonika, an advanced manufacturing company at the cutting edge of technology to discuss supply chains and investments in other transformational export areas.
EXIM’s delegation also met with Kęstutis Motiejūnas, Chief Executive Officer of Lithuania’s national promotional financial institution, and other senior leaders from the organization. The group discussed ways in which US EXIM Bank can partner with local financial institutions to promote commerce between the United States and Lithuania.
EXIM also joined a roundtable discussion with the American Chamber of Commerce in Lithuania. The meeting was led by Jose W. Fernandez, U.S. Department of State’s Under Secretary for Economic Growth, Energy, and the Environment, and U.S. Ambassador to Lithuania Robert Gilchrist and focused on reinforcing the strategic opportunities for American companies to strengthen economic partnerships with Lithuania. EXIM committed to providing future engagement opportunities for AmCham member firms.
EXIM also participated in a meeting with Prime Minister Ingrida Šimonytė, along with Undersecretary Fernandez and Ambassador Gilchrist, where the group discussed strengthening trade cooperation and possibilities for promoting greater U.S. investment and business relations
Later, EXIM participated in a meeting with Prime Minister Ingrida Šimonytė, Undersecretary Fernandez and Ambassador Gilchrist. The group discussed strengthening trade cooperation and possibilities for promoting greater US investment and business relations.
Under terms of the MoU, EXIM and Lithuania’s Ministry of Economy and Innovation agreed to deepen engagement on opportunities for U.S. exporters and Lithuanian buyers in areas including (but not limited to) manufacturing, business services, renewable energy, transformational exports and small businesses.
“This signing is a strong signal of our ironclad support for Lithuania and its values-based foreign policy,” Under Secretary Jose W. Fernandez said of the MoU upon its signing in November. “Our support does not end here. It will continue in the coming months as we work to achieve the goals contained in the memorandum of understanding and explore other ways of enhancing economic cooperation between our two countries in response to common challenges.”
“Lithuania sees the United States as a strategic partner in developing trade and economic relations,” Lithuania’s Vice Minister of Economy and Innovation Cooperation Jovita Neliupšienė, said in November. “With EXIM, we will create new tools to grow our bilateral trade and develop strong and reliable transatlantic supply chains.”
