Investors from Germany can withdraw production from Lithuania due to restrictions imposed by China. About it reports the Delfi edition with reference to a letter from the German-Baltic Chamber of Commerce sent to Lithuanian Foreign Minister Gabrielius Landsbergis and Minister of Economy and Innovation Ausrina Armonaitė.
Producers of peat, lasers and auto components, deprived of the opportunity to develop production, receive components from the PRC and export finished products there, were under a particularly strong blow.
Lithuanian Finance Minister Gintare Skaiste has already promised government support to enterprises affected by the diplomatic conflict.
In mid-November, a representative office of Taiwan was opened in Vilnius, the capital of Lithuania. The notification made in advance of this intention forced Beijing to recall its ambassador from Vilnius, to which Lithuania was not slow to respond by completing the mission of its diplomatic representative in Beijing. As a result, the PRC decided to block Lithuanian goods, suspended the issuance of entry visas to Lithuanian citizens and is preparing new sanctions against the Baltic republic.
Source: Rosbalt
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