Taiwan to launch $1 billion Lithuania credit fund amid Beijing pressure

11/1/2022 5:31:00 PM

Taiwan to launch US$1 billion Lithuania credit fund amid Beijing pressure

Taiwan to launch US$1 billion Lithuania credit fund amid Beijing pressure

Taiwan will launch a $1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday. Lithuania is under pressure from China https://www.reuters.com/world/asia-pacific/china-downgrades-its-diplomatic-ties-with-lithuania-over-taiwan-issue-2021-11-21 which claims democratically ruled Taiwan as its own territory, to reverse a decision last year to allow the island to open a de-facto embassy in Vilnius under its own name. China has downgraded diplomatic ties with Vilnius, and is pressuring companies, such as German car parts giant Continental to stop using Lithuanian-made components.

Read full article 11 January 2022, 12:36 pm · 2-min read Taiwan National Development Council Minister Kung Ming-hsin poses during an interview with Reuters in Taipei VILNIUS (Reuters) - Taiwan will launch a $1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday.LinkedIn VILNIUS : Taiwan will launch a US$1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday.LinkedIn VILNIUS : Taiwan will launch a US$1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday.Copy to clipboard https://str.

Lithuania is under pressure from China https://www.reuters.reuters.com/world/asia-pacific/china-downgrades-its-diplomatic-ties-with-lithuania-over-taiwan-issue-2021-11-21 which claims democratically ruled Taiwan as its own territory, to reverse a decision last year to allow the island to open a de-facto embassy in Vilnius under its own name."This investment and credit fund will help us strengthen the cooperation," Taiwan's National Development Council Minister Kung Ming-hsin told an online news conference on Tuesday.China has downgraded diplomatic ties with Vilnius, and is pressuring companies, such as German car parts giant Continental to stop using Lithuanian-made components.China has downgraded diplomatic ties with Vilnius, and is pressuring companies, such as German car parts giant Continental to stop using Lithuanian-made components.It has also blocked Lithuanian cargos from entering China.The face mask mandate - which was tightened in Taoyuan earlier this week because of locally transmitted infections identified at the airport - will now apply across the island, which means that people must wear masks when they exercise, sing and take photos, for instance, it added.

Taiwan last week announced plans to set up a separate $200 million fund https://www.Taiwan last week announced plans to set up a separate US$200 million fund https://www.reuters.com/world/europe/taiwan-set-up-200-mln-fund-invest-lithuania-amid-dispute-with-china-2022-01-05 to invest in Lithuanian industries and boost bilateral trade as it tries to fend off China's diplomatic pressure on the Baltic state.com/world/europe/taiwan-set-up-200-mln-fund-invest-lithuania-amid-dispute-with-china-2022-01-05 to invest in Lithuanian industries and boost bilateral trade as it tries to fend off China's diplomatic pressure on the Baltic state."The investment and credit funds will help us strengthen the cooperation," Taiwan's National Development Council Minister Kung Ming-hsin told an online news conference.The credit fund will focus on developing semiconductor talent and facilitating semiconductor development, as well as biotechnologies, satellites, finance and scientific research, said Kung.The credit fund will focus on developing semiconductor talent and facilitating semiconductor development, as well as biotechnologies, satellites, finance and scientific research, said Kung.

Lithuania's Economy and Innovations Minister Ausrine Armonaite said her country planned to open a trade representation office in Taiwan in the spring."Taiwanese companies are in need of laser projects, hopefully our laser companies will soon find partners in Taiwan and we will be very happy to facilitate the partnership", she said."Taiwanese companies are in need of laser projects, hopefully our laser companies will soon find partners in Taiwan and we will be very happy to facilitate the partnership", she said.Taiwanese representations in other countries, except the unrecognized Somaliland, are named after Taiwan's capital Taipei.U.U.S.

diplomats have expressed strong support for Lithuania, calling China's pressure "economic coercion".diplomats have expressed strong support for Lithuania, calling China's pressure"economic coercion".Lithuania's Foreign Minister said he would discuss the Chinese pressure with his European Union counterparts on Friday.(Reporting by Andrius Sytas, editing by by Terje Solsvik, Bernadette Baum and Tomasz Janowski) TRENDING.(Reporting by Andrius Sytas, editing by by Terje Solsvik, Bernadette Baum and Tomasz Janowski) Source: Reuters.

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Taiwan to launch US$1 billion Lithuania credit fund amid Beijing pressureVILNIUS : Taiwan will launch a US$1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday.Lithuania is under pressure from China https://www.reuters.com/world/asia-pacific/china-downgrades-it Yeah!

Taiwan to launch US$1 billion Lithuania credit fund amid China conflictVILNIUS : Taiwan will launch a US$1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday.Lithuania is under pressure from China which claims democratically ruled Taiwan as its own territory,

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Taiwan to launch US$1 billion Lithuania credit fund amid Beijing pressureVILNIUS : Taiwan will launch a US$1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday.Lithuania is under pressure from China https://www.reuters.com/world/asia-pacific/china-downgrades-it Yeah!