Total 5 Posts
European Commission Approves Lithuanian Funding To Support Companies Affected by Chinese Trade Restrictions
The European Commission announced yesterday that it had approved "a €130 million Lithuanian scheme to support and facilitate access to finance by companies affected by the exceptional circumstances resulting from China's discriminatory trade restrictions on Lithuania."
Recently China announced that it would allow corn imports from Myanmar, while suspending wood imports from Lithuania.
So far, the China - EU/Lithuania political and trade dispute has been based largely on allegations that are difficult to verify. However, there are now official Chinese government documents that indicate a suspension of some imports from Lithuania, although there is still little in the way of explanation for
In response to concerns about Chinese restrictions on trade with Lithuania, which resulted from Lithuanian actions related to Taiwan, the EU has now filed a consultations request at the WTO. This piece examines the factual and legal aspects of the request, along with the EU's explanations in a press release
The tensions between Lithuania/the European Union and China over Taiwan's new office in Vilnius are continuing, with some efforts by certain actors that may be intended to tone things down. At the same time, officials in the United States and Taiwan have both made public comments on the dispute