Lithuania, Taiwan sign cooperation agreements

  • 2023-02-21
  • BNS/TBT Staff

VILNIUS – Deputy economy ministers of Taiwan and Lithuania have signed a memorandum of understanding on laser technology cooperation, under which the two sides will jointly set up an R&D and innovation center in Taiwan, the Ministry of Economic Affairs of Taiwan reported on Tuesday.

Two more memorandums of understanding are being signed during the visit of Lithuanian government and business representatives: between the Lithuanian Confederation of Industrialists (LPK) and the Chinese National Association of Industry and Commerce, and between the LPK and the Chinese National Federation of Industries, with the aim of promoting bilateral exchanges and exploring industry cooperation opportunities.

The memorandum of understanding on laser technology cooperation was on Monday signed by Taiwan’s Deputy Minister of Economic Affairs Chern-Chyi C.C. Chen and Lithuanian Deputy Minister of Economy and Innovation Karolis Zemaitis, the Taiwanese ministry said.

Taiwan’s Economic Affairs Minister Mei-Hua Wang said that the new memorandum of understanding would help generate important business opportunities for high-tech industries of both sides.

Deputy Minister Chen noted that Taiwan had already achieved concrete results in its cooperation with Lithuania in a range of sectors, including semiconductors, lasers, and startup development.

Led by Zemaitis, the delegation includes representatives of more than 30 companies, making it the largest ever Lithuanian business delegation to Taiwan.