Lithuanian minister visiting Taipei says Beijing was important trade partner and drop in exports has caused pain to some domestic businesses

Vilnius remains confident the US$250 million value of direct exports to mainland China last year can be made up in other markets in Asia

Beijing has downgraded diplomatic ties with Lithuania and pressured multinationals to sever ties with it, while urging it to correct its “mistakes”.

Neliupsiene said China had been an important export partner, but its exports to the mainland in the first quarter had fallen to “close to zero” year-on-year. “Of course, it’s very painful for certain sectors, for certain businesses and certain parts of the economy,” she said. But Neliupsiene said the value of direct exports to mainland China last year – €240 million (US$250 million) – could be made up in other markets, such as Taiwan or elsewhere in Asia.“One of the policies this government, our government, pursues, is actually the policy of diversification,” she said.

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