News2022.05.09 13:53

Lithuania’s exports to China are at ‘zero’, says business lobby

LRT.lt, ELTA 2022.05.09 13:53

Imports from China have stabilised, but exports of Lithuanian goods to China are almost non-existent, Rimas Varkulevičius, president of the Association of Lithuanian Chambers of Industry, Trade and Crafts (LPPARA), told the ELTA news agency.

"There are practically no exports because China has removed many [Lithuanian producers] from registers” and imposed other restrictions, he said.

Some goods may still enter China via other countries.

"But this is wrong and China must answer to the World Trade Association and the European Union for not fulfilling its obligations under the [trade] treaty," said Varkulevičius.

Meanwhile, Chinese imports to Lithuania have “normalised”. However, Chinese firms are now demanding full, up-front payment. But this often means importers may not receive the full shipment or encounter other problems.

"This is often the case with China," Varkulevičius said.

"When the trade was normal, China used to [...] require 15-20% prepayment," he added. "This takes a lot of money and there is always a risk."

Lithuania’s relations with China nosedived after Taiwan opened a representative office in Vilnius. Beijing officials say the de facto embassy using the name “Taiwanese” is an attempt to recognise the island nation, which China considers part of its territory.

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