Chocolate Industry

Agriculture, technology at the center of trade with Lithuania: group

Taiwan is seeking to deepen trade relations with Lithuania, especially in the areas of agriculture and technology, the Taiwan Foreign Trade Development Council said on Wednesday.

Following an online meeting of representatives of the two countries, board chairman James Huang (黃志芳) said the two sides hope to increase the volume of their mutual trade and the diversity of goods traded.

Lithuania has a competitive agricultural industry and is known for its food and drink products such as chocolate and beer, he said.

It also has strong laser technology and financial technology industries, he added.

The council, which hosted the meeting, will continue to promote high-quality food from Lithuania as the two sides seek to expand bilateral trade in agricultural products, he said.

About 60 twinning talks between 24 Lithuanian food companies and their Taiwanese counterparts took place during the meeting, Huang said.

Taiwanese attendees, including representatives from retailers PX Mart and Carrefour, said they would consider importing Lithuanian chocolate and alcoholic beverages.

Lithuanian exports of agricultural and food products to Taiwan totaled around US $ 20 million (US $ 721,085) last year, Huang said.

Its imports of Taiwanese machinery and computer products totaled NT $ 75 million, he added.

“I am convinced that not only agricultural products, but also the volume and overall value of imports from Taiwan [from Lithuania] will grow up, ”Huang said.

National Development Council Minister Kung Ming-hsin (龔明鑫) is due to lead a trade delegation to Lithuania next month, the Foreign Ministry said.

Relations between Taiwan and Lithuania have grown since the Baltic state donated 20,000 doses of the AstraZeneca COVID-19 vaccine to Taiwan earlier this year. The two countries also plan to open representative offices in their respective capitals later this year.

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