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Sep 12, 2013
ASA Vice President Bob Worth met with representatives from the Taiwanese Economic and Cultural Representative Office (TECRO) in Washington this week as part of Taiwan’s Agricultural Trade Goodwill Mission to the United States.
TECRO acts as the Taiwanese embassy in countries that have diplomatic relations with China, and a key component of TECRO’s mission was to sign letters of intent to purchase American soybeans, as well as other commodities. Last signed in 2011, the letters of intent are signed every few years between representatives of Taiwan and different sectors of American agriculture.
Currently, Taiwan imports the majority of their Ag products from the United States, and in MY 2012 Taiwan was the 6th largest importer of whole U.S. soybeans, valued at $768 million.
