Gov. Dave Heineman and Lt. Gov. Lavon Heidemann Friday announced a $400 million agriculture trade agreement with Taiwan.
Heidemann is currently leading a Nebraska trade mission in Taiwan and Japan where he and other members of the Nebraska trade delegation signed agreements with Taiwanese grain and soybean trade officials for approximately $400 million of Nebraska corn, soybeans and wheat to Taiwan.
Heineman announced the news Friday morning saying, "This is good news for Nebraska. This agreement shows the value of developing and fostering relationships when it comes to trade opportunities."
"Throughout this visit we've been told by the Taiwanese that they appreciate Nebraska's efforts to develop meaningful connections with government leaders, importers and other business leaders," Heidemann shared.
Heidemann and Agriculture Director Greg Ibach signed a letter of intent during a ceremony with Taiwanese agriculture officials in Taipei, Taiwan pledging sales of between $401 and $472 million of a two year period.
Previous agreements were made in 2007 and 2010 for the sale of Nebraska corn, soybeans and wheat. Ibach says those agreements were fulfilled.
"We are pleased to have another opportunity to secure sales of Nebraska soybeans, wheat and corn," Dir. Ibach said. "It shows that there is value in showing up and asking for business."
While in Taiwan, the delegation also met with Taiwan Vice President Wu Den-yih, held meetings with officials in the Ministry of Economic Affairs, the Counsel of Agriculture, and the Ministry of Foreign Affairs and attended a ceremony for the 30th anniversary of the Nebraska-Taiwan sister-state relationship.