Lithuania-Malaysia Business Council (LMBC) was established under the auspices of the Lithuanian Confederation of Industrialists (LPK) to foster a strategic bilateral relationship between Malaysia and Lithuania.
The vision is to position Malaysia as a hub for European companies to ASEAN taking full advantage of closer regional integration starting in 2015.
At the same time Lithuania will position itself as a Nordic gateway to Europe with strong ties to Russia, CIS and Scandinavia.
LMBC founders recognize that both Malaysia and Lithuania share a common goal of future economic development path based on high value services, technology and integration within the global supply chain.
The two countries can compliment each other in the fields of food processing, health services, education, ICT technology, downstream processing of palm oil based products as well as tourism, logistics and finance.
LMBC will engage in business advocacy efforts on behalf of its members at both government to government and private sector level to increase trade and investment between two countries.
The focus initially will be at making Malaysia a destination of choice for leisure and business travelers from the Baltics. It will also focus on easy-to-implement ideas in health, palm oil, education, food processing sectors.
In the long term LMBC will help to build a new supply chain from the Baltics to ASEAN through Malaysia as a hub for Lithuanian producers in South East Asia.
Lithuania will offer Malaysian companies access to high value markets in the European Union, CIS and Nordics acting as a trusted and reliable partner in the Baltics.