Latvia and Estonia announced their withdrawal from the “17 + 1” format, which was created 10 years ago to promote economic relations between China and Eastern European countries. In justifying the unfriendly act towards China, the three Baltic Republics, which includes Lithuania, claimed that they placed great hope in economic benefits with China, but this did not materialise as there was very little investment from the Asian country. They also claimed that trade was damaged by the imbalance, which is in Beijing’s favour.
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