King Does It Again! Taiwan Agrees to 30% Increase in U.S. Soybean Purchases
Taiwan Agricultural Trade Delegation, King sign $1.56 billion “Intent to Purchase” agreements
Washington, D.C.- Congressman Steve King, a member of the House Agriculture Committee, releases this statement and photo following his participation in a signing ceremony committing the nation of Taiwan to increased purchases of American soybeans. Today’s signing ceremony is the latest positive trade development stemming from ongoing trade discussions King has had with the Taiwanese government (Related- King Gives “Thumbs Up!” to $2.8 Billion Agriculture Deal with Taiwan). King has been a strong and consistent advocate for Iowa agriculture, having met personally with Taiwanese officials including former Taiwanese President Ma, current Taiwanese President Tsai Ing-Wen, Minister of Agriculture Tsung-Hsien Lin, President of the Legislature Jia-Chyuan Su, Minister of Foreign Affairs Dr. David Tawei Lee, Minster of National Defense Admiral Tze-Chun Pu and Minister of Economic Affairs Mei-Hua Wang to encourage Taiwan to purchase more of America’s agricultural goods.
Congressman Steve King announces Taiwan’s commitment to increase soybean purchases
“Taiwan is an important trading partner, and I am pleased that my ongoing efforts to encourage them to buy more American agricultural goods are continuing to bear fruit,” said King. “Our farmers want to sell their products in international markets, and I have developed the kinds of relationships that are necessary to ensure American producers have an advocate in the room when international leaders are discussing trade in agriculture products. It is important to build on our success trading with Taiwan to expand market access for Iowa’s goods throughout Asia, and I continue to work to do so.”
Last September, following a series of meetings King held in Taiwan with government officials, the Taiwanese committed to purchasing $2.8 billion of American grains (corn, soybeans, and wheat). Today, the Taiwanese announced that they planned to increase their previous purchase order of American grown soybeans by 30%, to $1.56 billion.