WASHINGTON, D.C. – Taiwan is pledging to buy $10 billion in U.S. agriculture products over a four year period.
North Dakota Congresswoman Julie Fedorchak was among those on hand when a Taiwanese agricultural trade delegation signed letters of intent Wednesday in Washington.
U.S. farmers have faced a growing crisis concerning prices and finding foreign markets to purchase their products in the midst of the tariff wars and ongoing trade negotiations.
Fedorchak notes the move is a huge win for the state.
“North Dakota produces some of the highest quality products in the world, and Taiwan’s commitment is a big win for our soybean, corn, and wheat growers as well as beef producers,” Fedorchak said in a statement.
“When I meet with folks back home, expanding market opportunities is top of mind. This announcement shows the strength of trusted allies supporting American agriculture, and I’m grateful for Taiwan’s ongoing partnership.”
Taiwan has typically committing to close to $2 billion in U.S. agriculture products per year. The latest commitment raises that amount to $2.5 billion annually, translating into a 25% increase.
