Taiwan buys US$4 billion worth of farming products
CNAWASHINGTON--Taiwan signed deals Tuesday at the U.S. Capitol to purchase American farming products, including soybeans, corn and wheat, worth a total of US$4 billion.
September 12, 2013, 12:12 am TWN
The signing ceremony was attended by Taiwan's Representative to the United States King Pu-tsung and 13 U.S. senators and house representatives, including Representative Ed Royce (R-CA), who chairs the House Committee on Foreign Affairs, and Representative Ileana Ros-Lehtinen (R-FL).
In his address, King described Taiwan as a role model in its support for U.S. products. Taiwan was the U.S.'s seventh-largest market for agricultural products last year, he noted.
Calculated based on per-capita consumption, Taiwan is the second-largest consumer of U.S. agricultural products, King added.
The purchases were made by a visiting Taiwanese agricultural trade delegation headed by Vice Minister of Agriculture Chen Wen-teh, who is also chairman of the Taiwan Grains and Feeds Development Foundation.
Feed-corn, soybeans and wheat are the major items in the biennial procurement of American farming products, Chen noted, adding that the U.S. is Taiwan's main supplier of wheat, with a market share of over 60 percent.