newsdirectory3

China asks multinational companies to boycott Lithuanian products Taiwan tour | Reuters

On December 9, Lithuanian government officials and industry groups told Reuters that China has warned multinationals that they will be shut out of the Chinese market if they do not break their ties with Lithuania. The photo shows the EU flag and the Lithuanian flag. Taken in September 2020 in Lithuanian Medininkai (2021 Reuters / Ints Kalnins)

[Frankfurt / Vilnius 9th Reuters]-Lithuanian government officials and industry groups have told Reuters that China has warned multinationals that they will be shut out of the Chinese market if they do not break their ties with Lithuania. There is.

The Chinese government downgraded diplomatic relations with Lithuania last month following the establishment of a de facto embassy in Lithuania, which bears the name “Taiwan.”

No comment has been taken from the Ministry of Foreign Affairs of China.

There is not much direct trade between Lithuania and China, but there are many companies in Lithuania that manufacture furniture, lasers, food, clothing, etc. for multinational companies, and those multinational companies sell their products to China.

Lithuanian Deputy Foreign Minister Admenas has sent a message to Reuters that “(China) will not allow multinational companies to sell or procure products in the Chinese market if they use parts made in Lithuania.” Pointed out.

“Some companies have canceled their contracts with Lithuanian suppliers,” he said. The specific company name was not disclosed.

A representative of the Lithuanian Confederation of Industries also pointed out that some multinational companies procuring goods from domestic suppliers are targeted by China. “It used to be a threat, but now it’s a reality,” he said, adding that the targeted multinationals are European companies and have transactions with many Lithuanian companies.

Lithuania is considering establishing a fund to protect domestic businesses from China’s retaliation, according to government officials.

Foreign Minister Landsbergis has asked the European Commission for support, saying that “a strong response is needed at the European Union (EU) level.” The Commission has stated that it is ready to counter all kinds of political pressures and coercive measures on its member states.

.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

World
newsdirectory3

Yellen Davos backs Biden for ‘modern supply-side’ expansion – Xinhua English.news.cn

Yellen Davos backs Biden for ‘modern supply-side’ expansion Author: Zhou Erin   [ 耶伦认为,在基础设施方面的长期投资,如宽带、港口、公路和铁路,应该使美国家庭、工人和企业都受益。“我们正在投资新能源基础设施,并支持研发,以激励可再生能源技术的创新。这些投资应通过应对气候变化和缓解极端天气事件来促进可持续增长,而极端天气事件也对穷人产生了不成比例的影响。” ] On January 21, Janet Yellen, the US Secretary of the Treasury

Read More »