Lithuania is under pressure from German companies to back down in a dispute with China to end a blockade of the Baltic state, as European trade officials struggle to defuse the row An analysis by andrius_sytas johnodonnell21
China has pressed multinationals to sever ties with Lithuania or face exclusion from its market, an unusually harsh move that has dragged companies into a political dispute and placed Beijing on a collision course with the European Union. L1N2SU0G7
Last month, Lithuania's Prime Minister Ingrida Simonyte met with business leaders, including executives from German car-parts giant Continental, to listen to their concerns, said one person who attended. The European Union's top trade official, Valdis Dombrovskis, is also attempting to mediate between Beijing and Vilnius, ahead of a possible EU-China summit meeting in the coming months, said a person with knowledge of the matter. Lithuania belongs to the 27-state bloc.
The Commission said it was reaching out to China to resolve the situation and "collecting facts and evidence" to see if China was complying with international trade rules. "We will not hesitate to act to defend our rights," said the spokesperson. The stand-off threatens Lithuanian industry, which has built up clusters of factories making parts destined for overseas, such as furniture, clothing, car parts and lasers. Hundreds of containers of goods and parts are in limbo.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
German Buttercream (Whipped Vanilla Custard Frosting) RecipeGerman buttercream is creamy, buttery, stable, and most important of all, delicious.
Les mer »
EUR/USD Fails to Recover Despite 10-Year German Bond Yields Turning PositiveThe Euro continues to make any significant headway against the US dollar despite the pair posting a set of short-term higher lows from late March. Get your market update from nickcawley1 here:
Les mer »
Report on sexual abuse in German diocese faults retired popeNEW: Long-awaited report on sexual abuse in Germany's Munich diocese faults retired Pope Benedict XVI's handling of four cases when he was archbishop in the '70s and '80s. The law firm that drew up the report says Benedict strongly denies any wrongdoing.
Les mer »
Hardy Kruger, German Actor in ‘A Bridge Too Far’ and ‘Barry Lyndon,’ Dies at 93The star frequently played German soldiers in Hollywood films, including in 'The Flight of the Phoenix' and 'Wild Geese' and starred alongside John Wayne in Howard Hawks' 'Hatari!'.
Les mer »
Quinlan girl meets German man who donated bone marrow that saved her lifeLandrie Lay's donor started as a stranger from Europe. But over the years, he’s become family to the North Texans.
Les mer »
Ex-pope Benedict under scrutiny in German child abuse probeA potentially explosive report into the handling of child sex abuse in the Catholic Church will on Thursday be published in Germany, with former pope Benedict XVI among those in the spotlight.
Les mer »