Lithuania Shuns China Threat As It Holds Talks With Taiwan

A business matchmaking conference was held between Taiwan and Lithuania in the Baltic country on Thursday that featured 240 trade talks focusing on the sectors of agriculture, laser, and optoelectronics, according to the Ministry of Economic Affairs (MOEA), Liang Pei-chi, Su Ssu-yun and Ko Lin reported for the Central News Agency (CNA).

Photo Insert: Minister of the Economy and Innovation and member of Lithuanian Parliament Ausrine Armonaite delivered welcome remarks to the Taiwanese delegation.

MOEA's Bureau of Foreign Trade said more than 150 companies from Lithuania attended the event to exchange discussions with visiting members of Taiwan's trade delegation.

The 66-member delegation, led by Taiwan's National Development Council Minister Kung Ming-hsin, arrived in Lithuania on Tuesday after concluding its visits to Slovakia and the Czech Republic, as part of a tour intended to bolster the island's trade and economic ties with Europe.

The matchmaking conference, which was held in person as well as online Thursday, is expected to generate over $10 million in business opportunities, the bureau said.

In a virtual speech, chairman of the e-commerce platform PChome Online Jan Hung-tze announced that its online site will soon launch a dedicated gallery featuring a plethora of Lithuanian products to allow easier access to Taiwanese consumers.

Lithuania's laser equipment and its technologies are well-known worldwide and have important applications for Taiwan's semiconductor and electric vehicle industries, the bureau said.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic