China dispute: Taiwan launches program for Lithuanian companies

Taiwan will launch a $1 billion credit program for Lithuania, which is mired in a trade dispute with China. “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 on Tuesday. Emphasis is to be placed on semiconductors, biotechnology, satellites, finance, and scientific research. Taiwan had recently announced plans to set up a separate $200 million fund to invest in Lithuania’s industry and boost bilateral trade. Lithuania plans to open a trade office in Taiwan in spring.

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