The government is being asked to authorize Finance Minister Rimantas Šadžius to formally sign the agreement.
"The agreement would help ensure that double taxation of income and capital is abolished in Lithuania and Kuwait and to prevent tax evasion, as well as would encourage Kuwait's residents to invest in the Lithuanian economy," the Finance Ministry said.
Lithuania and Kuwait initialed the agreement back in June 2009.
Lithuania's exports to Kuwait in January through November 2012 totaled 4.6 million litas (EUR 1.3m). It did not import any goods from the Gulf country.