In what areas are U.S. agricultural exports to Taiwan likely to expand under the FTA?
Taiwan has long been one of the major export destinations for U.S. farm products, from wheat to corn to pork. In 2005, for example, U.S. farm exports to Taiwan totaled $2.3 billion. This strong trade relationship suggests that an FTA with Taiwan could provide great benefits for the U.S. farmers and ranchers. Taiwan is already a leading market for U.S. exports of U.S. soybeans, feed grains, apples, peaches, plums, cherries, apricots, corn, celery, lettuce, cabbage, asparagus, broccoli, onions and bovine hides. Economic studies on the FTA suggest that Taiwan would be a very promising market for U.S. exports of fish, foodstuffs and processed foods…….
