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As diplomatic and trade relations between Taiwan and Lithuania warm up, Taiwan’s National Development Council, an agency responsible for industrial policies, is planning to establish an investment fund focusing on the Central and Eastern European countries. 

The fund is estimated to be US$200 million in size, and will work in close coordination with Taiwan’s overarching trade strategy in the region. According to the officials involved, the fund will prioritize Taiwanese enterprises seeking to invest in Lithuania, focusing on sectors as as laser, semiconductor, and biotech. 

Details are still under discussions between Taiwan and Lithuania. However, Lithuania won’t be the sole focus of the fund, as the National Development Council emphasized. 

National Development Fund (NDF), Taiwan’s sovereign wealth fund and also the second largest shareholder of TSMC, will be responsible for the investment vehicle. It will mark the second time that the NDF establishes a fund abroad, following its 2012 partnership with New Zealand Venture Investment Fund (NZVIF) to set up a co-investment partnership dedicated to venture capital funds in both Taiwan and New Zealand. 

Taiwania Capital Management Corp., a venture capital management company also set up by the National Development Council and invested by the NDF, likewise expressed its interest in the vast potential of Lithuania and the CEE region. 

 

Reference: CNA