Weekend Reads Taiwan flies to the rescue of Lithuania against Chinese sanctions

12:47  14 january  2022
12:47  14 january  2022 Source:   rfi.fr

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Photo datée de 2018 lors d'une manifestation à Taïwan avant un référendum sur l'identité à Taipei. © Sam Yeh AFP Photo dated 2018 during a demonstration in Taiwan before a referendum on identity in Taipei.

Taiwan, a democratic archipelago claimed by Beijing, steals for the rescue of Lithuania, targeted in recent weeks by the economic sanctions of Beijing. Taipei has indeed announced in recent weeks several measures to support the Lithuanian economy.

of our correspondent in Taipei,

last November, Lithuania authorizes the opening of a Taiwan representation office in Vilnius, a non-diplomatic office as there are in nearly about fifty countries around the world. This office uses Taiwan term, a term usually banned to avoid Beijing's anger. It did not miss. Since then, China multiplies sanctions against balte state. Political but especially economic sanctions to which Taiwan has chosen to replicate for blow.

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at the beginning of the year, Taipei has redeemed some of the products that had been blocked in Chinese customs. for example rum or Lithuanian milk. And in recent weeks, this support has taken a new course. Taipei announced the implementation of an investment fund of $ 200 million and a $ 1 billion credit fund to support cooperation between Taiwan and Lithuania, which could include the electronic sector. .

The symbol is strong: Taiwan is one of the world leaders in the semiconductor sector, a strategic sector for which Taiwan is courted around the world to try to get investments.

Lithuania is not really recognized in the field, but these efforts could benefit its lasers industry and why not long-term lay the foundations for a future Lithuanian semiconductor industry.

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Economic threats from Beijing

with these investments, the message of Taipei is in any case clear: we will not let them down those who support us. But will this be sufficient against Chinese sanctions. That's the whole question. Beijing deliberately maintains the blur around its reset measurements. Lithuanian products were suddenly blocked by its customs and since, China would pressure other countries to stop using Lithuanian components. The consequences could therefore be very heavy for the Lithuanian economy that depends on 70% of its exports.

Taiwan and Lithuania rely on the European Union, but also the United States, to support Vilnius. If several solidarity voices have risen in recent weeks, no concrete measure has yet been announced. With or without these supports, Lithuania like Taiwan do not reset to the Chinese pressures. A Lithuanian representation office in Taipei should even open next spring.

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