Taiwan is seeking to diversify its economy’s dependence on China towards a greater focus on Southeast Asia. This would yield benefits in more ways than one.
On 20 May 2024, Mr Lai Ching-te was inaugurated as the new president of Taiwan. His presidency comes at a time when the self-governed island faces significant geopolitical turbulence, with the Taiwan Strait being the most dangerous flashpoint in US-China relations. Lai has pledged to build upon the foreign policy of his predecessor, Tsai Ing-wen, including the New Southbound Policy (NSP).
Introduced in 2016, the NSP aims to strengthen economic ties and diversify…
