17-02-2024

Minister Skuodis in Japan to discuss closer transport links, support for Ukraine, investment in Klaipėda Port

Marius Skuodis, Minister of Transport and Communications of Lithuania has left for a working visit to Japan, where he will discuss with Japanese Minister of Transport, officials and industry representatives the possibilities of strengthening relations in the fields of transport and logistics. Together with Algis Latakas, Director General of the Port of Klaipėda, the Minister will invite Japanese companies to invest more actively in Lithuania and to participate in Klaipėda Port development projects; he is also to speak at an international Business Seminar, organised by Lithuania to present the Three Seas Initiative as well as initiatives for the reconstruction of Ukraine.

The visit is scheduled for 18-22 February and will include Mr Skuodis' meetings with Tetsuo Saito, Japan's Minister of Land, Infrastructure, Transport and Tourism, Tadashi Maeda, Governor of the Japan Bank for International Cooperation, Yuji Kamata, Executive Vice President of the Port of Nagoya, representatives of the business organisations Keidanren and Sojitz, the hydrogen refuelling station infrastructure developer JHyM, and others, as well as the Honorary Consul General of Lithuania in Japan, Shigehiro Komaru.

In Tokyo, Mr Skuodis will take part in an international event organised by Lithuania entitled "The Three Seas Initiative: opportunities for regional and global connectivity", to present the Three Seas Initiative connecting the Baltic, Black and Adriatic Seas and to encourage Japanese investment in strategic transport infrastructure projects in the region. The Minister will present Lithuania's transport sector and initiatives to improve North-South transport links in Europe, as well as to rebuild Ukraine's transport infrastructure.

Lithuania currently holds the presidency of the Three Seas Initiative, which brings together 13 European Union countries and the International Transport Forum.

The Lithuanian Minister of Transport and Communications also plans to visit the Nagoya and Yokohama seaports. With their management, he intends to discuss opportunities for closer relations in the fields of sustainable port development, increasing cargo through the Port of Klaipėda, digitisation, innovation and other areas.

Japan is one the world's largest economies and investors, leading in many transport, industrial and high-tech sectors. In 2022, trade turnover between Lithuania and Japan amounted to €191 million and Japan was Lithuania's 41st largest trading partner.