(Fargo, ND) -- Senator John Hoeven joined agriculture representatives from the United States and Taiwan Thursday, at the signing of letters of intent for Taiwan to purchase $3.2 billion in U.S. agriculture products throughout 2023 and 2024. Under the agreement, Taiwan will purchase U.S. soybeans, corn and wheat, including products from North Dakota.
“Taiwan has been an important and dependable trading partner with North Dakota for years,” said Hoeven. “When I was Governor, I sent a delegation to Taiwan to expand export opportunities for North Dakota producers and businesses, and we’re pleased to see that this important trading relationship continues to flourish today. Our producers are the best in the world, and continue to grow food, fuel and fiber to feed the world. Today’s commitment by Taiwan to purchase $3.2 billion worth of U.S. agriculture products over the next two years is welcome news to our farmers and ranchers.”
The deal follows a similar trade agreement in 2019, in which Taiwan agreed to purchase more than $3 billion in agriculture products.