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Source:
https://bit.ly/3gnvaSX
Category:
Business
The defense budget in Taiwan is valued at $16.9 billion in 2022. The market is expected to grow at a CAGR of more than 2% from 2023-2027. The ongoing dispute with China over the ‘One China Principle’ has compelled the Taiwanese government to expedite the modernization of its armed forces.
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