Taiwan to launch US$1 billion Lithuania credit fund amid China conflict

11/1/2022 2:49:00 PM

Taiwan to launch US$1 billion Lithuania credit fund amid China conflict

Taiwan to launch US$1 billion Lithuania credit fund amid China conflict

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.Lithuania is under pressure from China which claims democratically ruled Taiwan as its own territory,

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.Lithuania is under pressure from China 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.

Taiwan last week announced plans to set up a separate US$200 million fund to invest in Lithuanian industries and boost bilateral trade as it tries to fend off China's diplomatic pressure on the Baltic state."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.

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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.LinkedIn TAIPEI: Taiwan and Canada have agreed to start talks on an investment protection agreement, both governments said on Monday (Jan 10), part of the Chinese-claimed island's efforts to boost ties with fellow democracies in the face of growing pressure from Beijing.Copy to clipboard https://str.

Lithuania is under pressure from China 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. Taiwan last week announced plans to set up a separate US$200 million fund to invest in Lithuanian industries and boost bilateral trade as it tries to fend off China's diplomatic pressure on the Baltic state. The new confirmed cases include airport cleaners, employees handling luggage carts and a taxi driver tasked with taking passengers to and from quarantine facilities, as well as relatives of people who have contracted the disease. "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. Taiwan's cabinet said chief trade negotiator John Deng had met virtually with Canada's International Trade Minister, Mary Ng, and the two agreed to start"exploratory discussions" on a Foreign Investment Promotion and Protection Arrangement, or FIPA. Lithuania's Economy and Innovations Minister Ausrine Armonaite welcomed the news and said her country plans to open a trade representation office in Taiwan in the spring. The current level two Covid-19 alert, which was due to expire on Monday, will be extended for another two weeks to Jan 24, it noted. (Reporting by Andrius Sytas, editing by by Terje Solsvik and Bernadette Baum) Source: Reuters . Recently approved by the government, the three-year project is a part of an overarching plan to make housing more affordable in Taiwan.