Taiwan and Thailand have signed an investment agreement to boost economic ties, marking the first such pact under new President Lai Ching-te. This move reflects Taiwan's strategy to diversify its economic relations and reduce reliance on China. The agreement highlights the ongoing shift of Taiwanese investments towards Southeast Asia.
On June 28, 2024, Taiwan announced the signing of an investment agreement with Thailand.
This deal signifies a strategic effort to bolster commercial and economic ties between Taiwan and Thailand, the second-largest economy in Southeast Asia.
Marking the first pact under the leadership of President Lai Ching-te, who took office in May, the agreement aligns with Taiwan's ongoing strategy to diversify its economic relations away from China.
The new deal arrives amidst increasing geopolitical pressure from China and a shift of Taiwanese investments to Southeast Asia.