Taiwan has plans to work with Lithuania in the area of cyber security, says Taiwan’s Minister of Digital Affairs Audrey Tang, who visited Lithuania last week.
In her words, Taiwan’s National Institute of Cyber Security may decide on investing in Lithuania’s cyber security as early as this week.
“As the chair of the board, I will share the stories of my Lithuanian visit, I will talk to the board of the National Institute of Cyber Security about the closeness in values and the thriving start-ups and unicorns that I met in Lithuania. At the board meeting, we will decide how much investments we will do,” she said.
Both Lithuania and Taiwan have good cyber security service companies, and both countries have an international reputation in this area, Tang said, adding that this cooperation will be based on public-private partnerships and cooperation with the population.
Lithuania’s Economy and Innovation Minister Ausrine Armonaite said Lithuania was an “EU champion” in the area of financial technology and was looking forward to working with Taiwanese companies. Tang confirmed the potential for the two countries to work together in the fintech and IT sectors.
Taiwanese IT and fintech companies’ specific plans and investment decisions in Lithuania could be expected after a meeting of representatives of these sectors, Tang said. Lithuanian IT business delegation is scheduled to visit Taiwan later this year.
“I think what they, Taiwanese companies, are now planning is, first, to meet with Lithuanian innovators face-to-face. We will strive to organise sometime this year a delegation of ICT representatives, including fintech entrepreneurs, from the Lithuanian community to visit Taiwan, to build bridges with investors and local start-ups and unicorns in Taiwan to make sure that they can find compatibility with them,” the Taiwanese minister said.
Taiwan also plans to work with Lithuania in improving the use of e-signature within the countries’ different systems, which could cut the costs of financial transactions between Lithuanian and Taiwanese companies, she added. (LRT/Business World Magazine)
