KLAIPEDA, October 4 (Itar-Tass) —— Lithuania supports Russia's accession to the World Trade Organization (WTO), as follows from the Russian-Lithuanian Declaration on Partnership for Modernization, signed at a meeting of the Russian-Lithuanian intergovernmental commission on trading, economic, scientific-technological, humanitarian and cultural cooperation on Tuesday.
"The parties recognize the importance of Russia's membership of the WTO, which would be a significant element in the diversification and modernization of the Russian economy. Russia's membership of the WTO can also promote cooperation between Russia and the EU trade and investment to mutual benefit," the document says.
Russia and Lithuania expressed their willingness to promote cooperation in trading, economic, scientific and research projects, training and innovation, aiming at the creation, production and promotion of competitive products.
"The Parties attach great importance to the elimination of barriers and constraints to cooperation, and they intend to promote efforts to improve a business climate for trade and investment," the declaration runs.
The document was inked by the co-chairs of the intergovernmental commission Russia’s Transport Minister Igor Levitin and Lithuanian Foreign Minister - FM Audronius Azubalis.