On the 4th of October, Lithuanian’s Ministry of Foreign Affairs organised the second International Trade Policy Conference “Shaping the Future of Trade”. This time, EU – Asia trade relations were discussed as well as issues of the European Free Trade agreement. On the agenda were furthermore discussions on the impact on e-commerce, blockchain and similar technologies.
The Minister of Foreign Affairs of Lithuania, Mr. Linas Linkevičius, opened the conference by emphasising the rules of trade and the potential of new technologies and was followed by the keynote speaker, Mr. Xiaozhun Yi, Deputy Director-General of the World Trade Organization (WTO) speaking about the future of trade policy and problems with the Asian region.
The newly elected Chairman of The Danish Chamber of Commerce in Lithuania, Mr. Jan Hyttel, participated in the event, seeking inspiration for future collaborations and possible opportunities for the members of the Chamber of Commerce.
Apart from the aforementioned keynote speaker, representatives of the European Commission as well as business and public representatives from Lithuania, Japan, China and South Korea were participating.
The event included discussions on multilateral trading systems and WTO as well as the political situations between US/China and US/UK. The new agreements between the EU and Japan and Vietnam was also on the agenda.
A panel discussion was aiming to broaden insights to Free Trade Agreements and prospects for the future when it comes to the trade between companies in the EU and partners in Asia.
The impact of growing digitalisation on different trades was one of the main interests of our Chairman who together with other business representatives discussed how to deal with the challenges and, of course, the opportunities that comes with it.
Thank you to Mr. Hyttel for representing the Danish Chamber of Commerce in this important conference.