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Trade war

Thailand dangles 50% tax cut for manufacturers fleeing China

Bangkok seeks to draw high-tech production in competitive region

A garment factory in Bangkok: Thailand seeks to move its manufacturing sector into higher-value activities.   © Reuters

BANGKOK -- Thailand announced a package of incentives on Sept. 6, including a 50% tax cut, for companies to relocate production to the slowing Southeast Asian economy from China amid the Sino-American trade war.

To qualify for the incentives, companies must apply next year for approval to invest 1 billion baht ($32.7 million) or more in the country and carry out the investment by 2021.

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