An economic and trade cooperation agreement has been signed between Lithuania and Taiwan with a new office to be opened in Taipei.
A new chapter in economic and trade cooperation between Lithuania and Taiwan opened on Monday, November 7, after the two nations signed an. The Lithuanian government will subsequently run a trade office in Taipei.
This new deal saw Taiwan make its first investment in the Lithuanian lasers sector, along with agreements on cooperation in semiconductors, plus import permits for Lithuanian dairy, fish, and non-fresh eggs products.
Egidijus Meilūnas from Lithuania’s Ministry of Foreign Affairs took to Twitter to announce the completed deal.
https://twitter.com/MeilunasE/status/1589626910438723585?s=20&t=lspgSCnk02c8xFnwfo-hfA
Matas Maldeikis, the Lithuanian MP who is also the Head of Parliamentary Groups for Relations with Taiwan and Democratic Russia, tweeted his delight at the deal. He pointed out that any previous rumours about his country collapsing economically after cutting ties with China were greatly exaggerated.
“Today we opened our Trade Office in Taiwan and announced investment into Lithuanian laser technology. We are friends with democracies, not dictators!”, he wrote.
Rumours of Lithuania's economic collapse after cutting off China were much exaggerated. Today we opened our Trade Office in Taiwan and announced investment into Lithuanian laser technology. We are friends with democracies, not dictators!
🇱🇹❤️🇹🇼 #StandWithTaiwan— Matas Maldeikis MP 🇱🇹 (@MatasMaldeikis) November 7, 2022
We are officially opening our trade office in Taipei, which Paulius Lukauskas will lead. This trade office will bring better cooperation between Lithuania and Taiwan.🇱🇹 is taking a huge step towards becoming a high-tech powerhouse in EU, and this partnership will strengthen that.
— Ausrine Armonaite (@ArmonaiteA) November 7, 2022
Taiwan’s Ministry of Foreign Affairs also took to Twitter to announce Taipei’s new friendship and business relationship with Lithuania.
They tweeted: “On Nov. 7, 2022, the Taiwan-Lithuania friendship entered a new chapter. The newly opened Lithuanian Trade Representative Office embodies the shared values that underpin our solidarity & will help build sustainable & resilient supply chains for global democracies!”.
https://twitter.com/MOFA_Taiwan/status/1589606149019799552?s=20&t=lspgSCnk02c8xFnwfo-hfA
https://twitter.com/TW_in_LT/status/1589613032099164160?s=20&t=lspgSCnk02c8xFnwfo-hfA
According to the head of the Taiwanese representative office in Vilnius, more than €10 million will be invested in Lithuania by the world’s biggest supplier of semiconductors towards chip production in the country.
Eric Huang, head of the representative office, confirmed that Lithuania’s electronics manufacturer Teltonika will cooperate with Taiwan’s Industrial Technology and Research Institute to build semiconductor technology capabilities.
He explained that they will be offering more than two dozen Taiwanese scholarships to Lithuanians for technical training.
“This is not a transaction in exchange for Lithuania allowing the opening of the office. It is because Taiwan would like to work together with Lithuania to strengthen the resilience of our democratic supply chain in the face of coercion by autocracies”, Huang added, as reported by sg.news.yahoo.com.
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