China is one of the largest importers of goods and services in Lithuania outside the European Union (EU). At the same time, the small Baltic state is relatively small for the Asian giant, the export market is just over 1.3 million dollars.
Because of this, she wants to eat the Chinese authorities so that they can pay the state for economic relations. And the reasons for this are a few.
On the one hand, Lithuania opened a trade center in Taipei and on the other hand welcomed the opening of the Taiwanese government. On the other hand, the Baltic state uses the name Taiwan for the island, which is still partially recognized as a separate state. And it is this poison that is the most common.
China opposes the use of the name Taiwan, as this means acknowledging the independence of the nation. In addition to this came the release of Lithuania from the 17 + 1 format, which aims to stimulate the partnership in the field of trade and investment.
An additional strain on relations between China and Vilnius has been reached and the withdrawal of the representative of the European country in China, Diana Mika.
However, analysts are skeptical that there will be a long-term deterioration in relations between China and Lithuania, despite the recent differences between them. “I don’t think Chekin will be able to sell the whole country,” said David Ccott of Emeritus International Maritre before Emerging Europe.
“In 2020 the export of Lithuania into China reached 357.74 million USD, of China to Lithuania – around 1.34 billion USD. In other words, China benefits from trade with Lithuania, while Lithuania does not benefit from its country from the point of view of the trade balance. “
