Connect with us

Lithuania

MOFA announces $200 million Lithuania investment fund

SHARE:

Published

4 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

Deputy Foreign Minister Harry Ho-jen Tseng (pictured) has announced that Taiwan will continue to deepen its friendship and expand exchanges with Lithuania in an online news conference, January 5, which also featured the announcement of the imminent creation of a US$200 million fund to invest in Lithuanian industries. Tseng described Taiwan and Lithuania as being on the front line of China’s ongoing campaign of economic and political coercion, and emphasised the great importance placed on the bilateral relationship with Lithuania by all segments of Taiwanese society.

The slated investment fund will be financed by Taiwan’s National Development Council (NDC) to support strategically important industries in both countries, such as semiconductors, biotech, and lasers. Relations between both Lithuania and Taiwan have continued to deepen in recent months, despite China’s intense campaign of political and economic coercion. Lithuania has been supported by many senior EU figures, including Presidents of the European Council and Commission Charles Michel and Ursula von der Leyen, as well as Chair of the European People’s Party Manfred Weber, all of whom expressed solidarity with the Baltic state, on 17 December, 4 January and 31 December, respectively.

Share this article:

Share this:
Related Topics:
Press release

This article repeats in part or in full the contents of a press release issued by the author, who guarantees its legality and truthfulness. No payment or inducement was received by EU Reporter for its publication.

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending