Taiwan pledges further $1 billion Lithuania investment

Taiwan is supporting its European Union Partner country diplomatically Lithuania in the face of growing economic pressure from Beijing. The Taiwanese government will launch a US 1-billion-dollar credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, said minister without portfolio, Chen Chi-Chung on Tuesday.  "Lithuania has been our reliable partner for many years," he said at a press conference held in the office of the Ministry of Economic Affairs (MOEA) in Taipei. "We are glad that we can support Lithuania's efforts to develop." The Minister emphasized that this was just one part of their diplomatic engagement with EU.

Further investment in Central and Eastern Europe Business Partner Search

The Government of the Republic of China (Taiwan) said it would invest an additional US$1 billion in Lithuania as a gesture of goodwill amid rising tensions with China over its de-facto embassy opened last year. The announcement was made by Taiwanese Premier Lai Ching-te during his meeting Monday, April 9th with Lithuanian Prime Minister Saulius Skvernelis and will be used to support small and medium enterprises, innovation and research, medical care and culture. This is just the latest in a series that saw Taiwan pledge investments worth more than US$3 billion to countries such as Hungary, Estonia and Latvia since January 2017.

Taiwan pledges $200 million investment in Lithuanian industries

Taiwan has announced plans to invest 200 million US dollars in Lithuanian industries and boost bilateral trade as it tries to fend off diplomatic pressure from China on the Baltic state. The Taiwanese government said last week (January 4)7 that it would set up a separate fund of 200 million U.S. dollars for investments in Lithuania, which is currently embroiled in a dispute with Beijing over its attempts to gain greater influence over the country's economy and political life.

Lithuanian government credit fund

The Taiwanese government has announced a new fund of up to $1 billion, with the goal of investing in Lithuanian infrastructure projects and strengthening ties between the two nations. "The investment and credit funds will help us strengthen the cooperation," said Minister Kung Ming-hsin from Taiwan's National Development Council. U.S. diplomats have expressed strong support for Lithuania, calling China’s pressure “economic coercion”.