The meeting will be attended by parliamentary speakers of other Baltic and Nordic states. It will mainly focus on China's so-called One Belt One Road initiative, which is aimed at ensuring closer ties with European, Asian and African countries.
On the eve of the meeting, Pranckietis emphasized Lithuania's experience as a transit country.
"We have always been a transport corridor between the East and the West. Today, we stand out in the region with our ice-free Klaipeda port, multimodal terminals and a dual-gauge railway network. Lithuania constantly invests in creation and modernization of the transport infrastructure. Rail Baltica is the best example and the biggest transport infrastructure project being implemented together with Latvia and Estonia," Pranckietis said in a press release.
In the first nine months of last year, Lithuania exported 132 million euros worth of commodities to China, which is an increase by 50 percent year-on-year.
Nevertheless, some Lithuanian officials are cautious about possible investments by communist-led China in terms of national security.