Taiwan purchases 2.6 billion dollars


Taiwan purchases 2.6 billion dollars

Taiwan recently purchased more than $2.5 billion worth of US agricultural goods.

As part of the agreement, officials from the Taiwan Vegetable Oil Producers Association visited Minnesota in mid-September.

Minnesota Soybean Research and Promotion Council President Joe Serbus tells foreign brownfield buyers value crops grown in the Upper Midwest.

“It really just involves how Minnesota (and) the Upper Midwest really creates a quality product.”

Taiwanese officials were also in Iowa, where Johnson Chiang of the country’s Economic and Cultural Office said Taiwan was looking forward to future trade.

“In addition to purchasing agricultural products, I think we have other high-tech areas as Taiwan is one of the most important contributors to the high-tech supply chain.”

Taiwan has signed letters of intent to buy one and a half million metric tons of US corn and up to two point nine million tons of US soybeans over the next two years. Taiwan purchases 2.6 billion dollars

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