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Jun 28, 2024 - 13:51
By asia.nikkei.com

Taiwan announces Thailand investment deal, marking first pact under Lai

BANGKOK -- Taiwan on Friday said it has signed an investment pact with Thailand, the second-largest economy in Southeast Asia, in an effort to boost commercial and economic ties.

The pact is the first of its kind since Taiwan's new President Lai Ching-te took office in May. It comes as China has further ramped up pressure and efforts to isolate Taiwan globally, and as Taiwanese businesses increasingly shift investments from China to Southeast Asia.