Finance Minister: China was never a significant economic partner for us

Minister of Finance Gintarė Skaistė notes that China has never been a major economic partner for Lithuania and any trade losses can be offset by developing business ties with other countries. Relations between Lithuania and China deteriorated after the Taiwanese Representative Office was opened in Vilnius in 2021 and this move led to economic and political pressure by Beijing against Lithuania.

“Looking at our export composition, China was never a significant economic partner for us and even before all the escalation, our export to China accounted just for one percent of Lithuania’s total export. The latest data shows that now export to China accounts just for 0.2% of the entire export from Lithuania. This is not a significant economic partner indeed and we see growth in other areas, with other economic partners, with both Southeast Asian and other countries,” the finance minister told the radio station Žinių Radijas on Thursday.