Taiwan, Lithuania hold business matchmaking conference

Taipei, Oct. 28 (CNA) A business matchmaking conference was held between Taiwan and Lithuania in the Baltic country on Thursday that featured 240 trade talks focusing on the sectors of agriculture, laser and opto-electronics, according to the Ministry of Economic Affairs (MOEA).

In a statement, the MOEA's Bureau of Foreign Trade said more than 150 companies from Lithuania attended the event to exchange discussions with visiting members of Taiwan's trade delegation.

The 66-member delegation, led by Taiwan's National Development Council Minister Kung Ming-hsin (龔明鑫), arrived in Lithuania on Tuesday after concluding its visits to Slovakia and the Czech Republic, as part of a tour intended to bolster the island's trade and economic ties with Europe.

The matchmaking conference, which was held in person as well as online Thursday, is expected to generate over US$10 million in business opportunities, the bureau said.

In a virtual speech, chairman of the e-commerce platform PChome Online Jan Hung-tze (詹宏志) announced that its online site will soon launch a dedicated gallery featuring a plethora of Lithuanian products, to allow easier access to Taiwanese consumers.

Lithuania's laser equipment and its technologies are well-known worldwide, which are important applications for Taiwan's semiconductor and electric vehicle industries, the bureau said.

Earlier on Wednesday, Science and Technology Minister Wu Tsung-tsong (吳政忠), who is also part of the Taiwanese trade delegation, visited the Research Council of Lithuania with the hope that the two sides can collaborate on the fields of semiconductors, laser and space satellites.