Taiwan to close Papua New Guinea office and halt spot-market LNG purchases
AI Summary
Taiwan's decision to close its representative office in Papua New Guinea and stop buying its spot-market LNG reflects mounting pressure from Beijing, which insists on the "one-China policy." This move will end decades of cooperation and technical assistance, potentially impacting PNG's export earnings. Taiwan's retreat underscores the geopolitical tensions and economic ramifications of Beijing's influence in the Pacific region.
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