Taipei: Taiwanese agricultural officials and Arkansas state authorities have signed letters of intent for the sale of soybeans and corn to Taiwan, amounting to a significant total of US$5.56 billion. The agreements mark a commitment to enhance trade relations between Taiwan and Arkansas, with purchases planned over a span of several years.

According to Focus Taiwan, the agreements involve the Taiwan Feed Industry Association committing to a purchase of approximately US$2.12 billion in corn products over four years from 2026. Additionally, the Taiwan Vegetable Oil Manufacturers Association is set to acquire at least US$3.44 billion in soybean products.

Arkansas Agriculture Secretary Wes Ward highlighted the importance of this agreement, noting the strong trade ties between the two parties. He emphasized that Taiwan is not only Arkansas' fifth-largest agricultural export market but also ranks as the eighth-largest agricultural trade partner for the United States.

The ceremony was attended by notable figures, including Yvonne Hsiao, the director of Taiwan's Taipei Economic and Cultural Office in Houston, and Arkansas Secretary of State Cole Jester. The signing coincided with a visit from Taiwan's Deputy Minister of Agriculture, Tu Wen-jane, who led a trade mission to Little Rock as part of the "2025 Taiwan Agricultural Trade Mission -- Soybean and Corn Subgroup."

Tu expressed Taiwan's intention to further strengthen agricultural collaboration with Arkansas, aiming for opportunities that are beneficial for both parties. The mission, which started in Washington state, has been divided into subgroups visiting various U.S. states to foster relationships with local officials, farmers, and exporters.

The soybean and corn subgroup will make additional stops in Ohio and Indiana, while other subgroups focusing on wheat and beef will visit states including South Dakota, Montana, Idaho, Florida, and Texas.