Lithuania has prepared an action plan outlining priority economic sectors and potential projects aimed at strengthening cooperation with Taiwan, the Foreign Ministry said Wednesday.
“The main focus is on building sustainable economic ties that would contribute to the development of Lithuania’s high-tech sectors,” the Ministry of Foreign Affairs said in a statement to BNS.
The plan, which centres on possible Taiwanese investments in Lithuania, was referenced Tuesday by presidential foreign policy adviser Asta Skaisgirytė. She said that, with Taipei’s approval, Lithuania could accept “much more from Taiwanese partners than it does now”.
According to the ministry, the document remains a working draft and details are not being made public while discussions continue.
A breakthrough in economic ties with Taiwan had been expected in 2021, when a Taiwanese representative office was opened in Lithuania. In recent months, however, Lithuanian officials have said that Taipei’s level of investment has fallen short of expectations.
The opening of the office drew a strong reaction from China, leading to a downgrade in diplomatic relations and a contraction in bilateral trade.
The current government, led by the Social Democrats, has for some time signalled its intention to restore diplomatic representation with China. However, Lithuanian officials acknowledge that this would likely require changing the name of the Taiwanese representative office, a move that would need approval from Taipei.
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