Taiwan is planning to invest 200 million US dollars in Lithuania, in an effort to shield the country from China’s pressu…
Summary
- Taiwan is planning to invest 200 million US dollars in Lithuania, in an effort to shield the country from China’s pressure.
- The money will come from Taiwan’s National Development Fund as well as private investors.
- Lithuania has been a subject of undeclared economic sanctions from China after it opened the Taiwanese office.
- The investment package is part of Taiwan’s action plan to develop economic ties with Lithuania in the face of “unprecedented” pressure from China, Huang said.
- Huang said that Taiwan had already taken over 120 containers of Lithuanian goods that were barred from entering China.