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CIECA Visited the Lithuanian Trade Representative Office in Taipei on October 5, 2023

2023/10/5

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CIECA Director Tito Tang led his colleagues to visit with Mr. Paulius Lukauskas, Representative of the Lithuanian Trade Representative Office in Taipei on October 5, 2023. The two sides discussed to organize visiting delegations in the future and hold bilateral meetings to promote business opportunities for industrial cooperation between Taiwan and Lithuania. Representative Lukauskas said that Lithuania has organized delegations to visit Taiwan four times this year, mainly targeting industries such as laser, IT, semiconductor, and financial technology. Lithuania has a population of only 2.79 million and a small manufacturing industry. However, its laws and regulations are progressive and conducive to innovation. It is a country especially rich in talents in the fields of cyber-security, blockchain, and financial technology. It is even quite suitable to be a testing ground for Taiwan's medium-sized enterprises to enter the European market. On top of that, the energy crisis triggered by the war between Russia and Ukraine has stimulated the growth of renewable energy in Lithuania. Electricity generated from solar and wind power has doubled in recent years. Lithuania is expected to become an energy exporter by 2030, which will lead to promising business opportunities in the energy storage market.

A group photo for Mr. Tito Tang, Director of CIECA and Mr. Paulius Lukauskas, Representative of the Lithuanian Trade Representative Office in Taipei.

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