A collection of 15 posts
The Taiwanese government-backed drone supply chain alliance on Friday, 15 November signed a memorandum of understanding (MOU) with the Polish-Taiwanese Chamber of Industry and Commerce to advance drone development. The Asian country plans to expand its economic partnerships beyond the semiconductor industry and enhance its defence capabilities through drone development
Taiwanese Foreign Minister Joseph Wu visited Estonia, Lithuania and Latvia from November 6-12, deepening bilateral ties in the Baltics and putting Asian geopolitics back up the agenda in Central and Eastern European (CEE). The three Baltic states have adjusted their policy toward People’s Republic of China (PRC) in recent
The tensions around the burgeoning relations between Taiwan and Central and Eastern Europe (CEE) will be on the agenda when US president Joe Biden meets Chinese leader Xi Jinping in Bali today (Monday 14, November). Last Monday Lithuania opened its trade office in Taiwan, the same day that the 23-million
French Trade Minister Franck Riester said the EU will resolutely back Lithuania in its escalating trade war with China, on Sunday, Euractiv reported. Riester underlined that the small Baltic nation was “a victim of coercion from Beijing” after meeting his opposites numbers in Marseille. As the current holder of the
The European Commission (EC) unveiled legislation designed to double Europe’s share of the semiconductor industry yesterday. The so-called Chips Act addresses supply-chain shortages in the EU’s tech sector. Having assigned EUR 11 billion for the package, the EU aims to raise EUR 43 billion overall and gain a
Taiwan will extend a USD 1 billion credit line to Lithuania as a gesture of solidarity with the Baltic country, and to help to offset the trade embargo that China has imposed on it. The fund aims to develop Lithuania’s biotech, finance, semiconductor and satellite industries. “We recognise and
Taiwan will set up a USD 200 million investment fund for Lithuania to offset economic pressure from China, it announced Thursday. Taiwan’s Deputy Foreign Minister Tseng Wen-Sheng said “Taiwan & Lithuania are like-minded partners bound by an unshakeable belief in freedom and democracy. We’ll overcome China‘s threat
China is allegedly pressuring Continental AG to stop using components made at the German car parts manufacturer’s subsidiary in Lithuania in retaliation for the Baltic country allowing Taiwan to open a de facto embassy in its capital Vilnius, Reuters reports. Continental AG, one of the world’s largest car
China is leveraging its influence over multinational companies operating there, instructing them not to do business with Lithuania, or else. For the tiny Baltic country, that means not having access to Chinese markets. It’s the latest volley in a row with Lithuania over it having allowed Taiwan to open
An official visit of a Slovakia delegation to Taiwan is drawing the ire of China. Senior officials from Bratislava, who arrived on Sunday, are looking to deepen ties with the self-governed island nation, which China claims as its own territory. Another EU member state making a visit to Taiwan is
Taiwan could help alleviate Europe’s semiconductor shortage by setting up manufacturing operations in central Europe. With a reputation as a tech heavyweight, the autonomous island claimed by mainland China is host to numerous electronic component manufacturers. In October, the head of Taiwan’s National Development Council, Kung Ming-hsin, said
Taiwan has opened what it calls its Representative Office in Lithuania, defying China’s attempts to dissuade Vilnius from allowing what could be considered a de facto embassy for the self-governed island. Taiwan’s foreign ministry says that via the opening of the office, Taipei and Vilnius will deepen economic
Lawmakers in Brussels have taken a step back from pursuing their plan to unveil a new strategy for EU trade and economic dealings with Taiwan, presumably hoping that sour relations with China won’t become worse. For months, EU and Beijing have been spatting due to bilateral sanctions instated by
In the first visit to Taiwan by an official European Union delegation, 13 MEPs have met with Taiwanese premier Su Tseng-chang today in Taipei. Their visit comes in the wake of the EU having passed a resolution in October to “intensify EU-Taiwan political relations” and establish a bilateral investment agreement.
Taiwan has signaled its readiness to do business with Europe: the government in Taipei is eager to begin trade talks with the European Union, which has recently announced plans to become more active in Southeast Asia. Such negotiations between Taiwan and the EU have been in the works since 2015,